[P. Maffia]

"Bob" wrote in message @4ax.com...

> Wow. It's not like I'm a cheerleader for a socialist country like China
> that stifles free speach and the right to bear arms, etc. I'm merely
> pointing out that they have SOME freedoms that we no longer have and
> economic freedom that we no longer have... Also, I personally know of
> some
> people who have been in Chinese jails and although they are very liberal
> with the death penalty, you would have to do more than "tax evasion" to
> get
> the bullet there... I have no doubt that they execute several thousand a
> year. The only good part about that is they include corrupt polititions
> in
> that group.

You total moron! Name one freedom. of any kind, economic or otherwise, we no
longer have that China has.

Archived from group: misc>taxes

[P. Maffia]

"Bob" wrote in message @4ax.com...
> On Tue, 8 Jan 2008 08:48:04 -0800, "P. Maffia"
> wrote:
>
> \[Absolutely nothing of substance punctuated with personal attacks - the
> sign of true ignorance...]
>
> You lose...

In other words, you have absolutely nothing to counter what I had to say and
since I accurately rated your overly limited mental abilities, you
MORONICALLY think I have lost. Dufass, I may have made myself appear
boorish, but not stupid like you. You were born a loser, live your life that
way and will die the same way.

[P. Maffia]

"Bob" wrote in message @4ax.com...
> On Tue, 8 Jan 2008 10:26:20 -0800, "P. Maffia"
> wrote:
>
> \[Continued ignorant an uninformed BS about what he BELIEVES in his
> fairytale world...]
>
> You never make an argument so there's nothing to respond to. You seem to
> have absolutely no personal knowledge about anything and just spout things
> you read from questionable sources...

Oh, you mean that your statement that China has no income tax when it does,
demonstrates your brilliance? Or your moronic statement that the US had its
greatest economic growth in the days when no income tax existed when in fact
its period of greatest economic growth has taken place since WWII? Or the
fact you didn't, know that this Country has had an income off and on from
1862 until 1913 and continuously so since; shows your mastery of facts?

You have got to be kidding. Your delusions about your intellectual prowess
are. to say the least, hilarious.

What a MORON YOU ARE!!!!

[Dan Bloomquist]

Bob wrote:

> Wow.

You have no idea who 'Archmedes' is?

[user]

Dan Bloomquist wrote:
> Bob wrote:
> > Wow.
>
> You have no idea who 'Archmedes' is?

He's a lazyass, chickenshit, anonymous windbag!
..
..
--

[Dan Bloomquist]

P. Maffia wrote:
> "Bob" wrote in message
> @4ax.com...
>
>> Wow. It's not like I'm a cheerleader for a socialist country like China
>> that stifles free speach and the right to bear arms, etc. I'm merely
>> pointing out that they have SOME freedoms that we no longer have and
>> economic freedom that we no longer have... Also, I personally know of
>> some
>> people who have been in Chinese jails and although they are very liberal
>> with the death penalty, you would have to do more than "tax evasion"
>> to get
>> the bullet there... I have no doubt that they execute several thousand a
>> year. The only good part about that is they include corrupt
>> polititions in
>> that group.
>
> You total moron! Name one freedom. of any kind, economic or otherwise,
> we no longer have that China has.

Ah, running production with the help of the state? They may have an
edge, but you are welcome to provide a citation to counter. (Right)

[Scott Dorsey]

In article ,
Dan Bloomquist wrote:
>Bob wrote:
>
>> Wow.
>
>You have no idea who 'Archmedes' is?

It's the new name for Ludwig Plutonium of course.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."

[Paul Thomas, CPA]

"TruthHurts" wrote
> There's nothing "black market" about being in business
> in China and not having to pay the "slavery tax" you all
> seem to love here in the "land of the free" (HAH!!)




If China has it's groove on (by your standards) feel free to move there.

One way from San Francisco to Beijing is $618. Hell boy, you'll more than
make that up with savings from your first paycheck not being
taxed......well, maybe your first year's worth of checks.



Adult Ticket Price:1 x $397.00
Processing Fee:1 x $10.00
Govt. Taxes and Fees:$210.81

Sub Total:$617.81
Includes September 11th Security Fee of $2.50 per flight segment (maximum
charge per trip--$5.00 one-way, $10.00 round-trip).



Now that's a hoot. You got to pay $210 in taxes to save taxes.




That's life for ya.




The up side (for us) is that you can't get the internet in China.






--
If electricity comes from electrons, does morality come from morons?
----------------
Paul A. Thomas, CPA
Athens, Georgia

[P. Maffia]

"TruthHurts" wrote in message @4ax.com...
> On Tue, 8 Jan 2008 20:06:23 -0800, "P. Maffia"
> wrote:
>
> \[More trash talk attempting to sound like he is some kind of "tough guy".
> Oooooh, I'm so scared...]
>
> You really should get a life. You know nothing and the more you post, the
> more obvious that becomes...


If that were true, you would not edit out everything I say. That way you
could show the world what you believe I said is false.

By editing it all out, you make a statement with no proof.

In other words, you know I ran rings around your moronic bleating and hope
you can deflect facts away from your own stupidity.

[P. Maffia]

"TruthHurts" wrote in message @4ax.com...
> On Tue, 8 Jan 2008 20:02:41 -0800, "P. Maffia"
> wrote:
>
> \[More ignorance to show that he can't follow an argument]
>
> I gave an example of a "freedom" that people in China have that we have
> given up. ECONOMIC freedom. They can still make any size cash
> transaction
> without having to worry about "the man" stealing their cash and claiming
> that it is "money laundering" and then never charge you for the "crime"
> and
> never give back your money...

What a moron! You are still free to make any size cash transaction you
desire. And, as long as it is a legitimate one, nothing will be confiscated
for any reason.

So try again, moron, name one freedom of any kind the Chinese have that we
don't.
> There are more examples. Try not to be so easily duped by what you "read"
> (if indeed, you CAN read)...
>

[Richard Macdonald]

"Scott Dorsey" wrote in message $2f6$1@panix2.panix.com...
> In article ,
> Dan Bloomquist wrote:
>>Bob wrote:
>>
>>> Wow.
>>
>>You have no idea who 'Archmedes' is?
>
> It's the new name for Ludwig Plutonium of course.

Nah, he's just some Greek guy who screwed around in Egypt.
--
Richard A. Macdonald, CPA/EA
SSG(Ret), USA, ADA, 16P34
Gib mir Schokolade und niemand wird verletzt!!!

[Paul Thomas, CPA]

"TruthHurts" wrote
> There are so many instances of the police "confiscating"
> cash from people who are involved in no illegal activities
> it is mind-boggling. If you are so stupid that you don't
> see it, no one here can help you...




Your empty claims are lacking validity.








--
Have no fear of perfection - you'll never reach it.
----------
Paul A. Thomas, CPA

[Paul Thomas, CPA]

"TruthHurts" wrote
> Having spent a good deal of time in China I actually
> know what I'm talking about (unlike you).



Yet. You would rather live here - with all it's ails - than in China
where - as you seem to be saying - it's much better all around.


Earlier you said:
"There's nothing "black market" about being in business
in China and not having to pay the "slavery tax" you all
seem to love here in the "land of the free" (HAH!!)"




Oh lookie what Google finds:

http://www.easyexpat.com/shanghai_en/work_taxes.htm
If you live and work in China for more than 183 days, you will be liable to
pay Chinese taxes on all income received whilst in the country. Personal
Income Tax is charged on a sliding scale, ranging from 5 to 45%. If you also
receive income from overseas, you will be taxed in China on your worldwide
income, with a tax credit given against any tax already paid in other
countries.

Taxable pay is calculated by reducing monthly income by the permitted tax
free earnings of 4800 RMB per month for foreigners (1600 RMB for Chinese).

Income tax is charged as follows:
PercentageTaxable Earnings (RMB)
5% 1 - 500
10% 501 - 2,000
15% 2,001 - 5,000
20% 5,001 - 20,000
25% 20,001 - 40,000
30% 40,001 - 60,000
35% 60,001 - 80,000
40% 80,001 - 100,000
45% 100,001 and above

Tax is deducted from your pay each month by your employer and paid over to
the authorities.





> Keep posting, you are showing greater ignorance every day...


I'm sure............

[Paul Thomas]

"TruthHurts" wrote
> I've been to China about 9 times (lost count) in 14 years. Last time was
> two weeks ago (spent Christmas in China). You know nothing about China so


So as a visitor you don't know what their tax laws are, really, and you
don't know what the other political issues are, really. You "know" what
you've been told, or you "know" what you've heard, or what you think you
maybe remember hearing on a crouded bus (or was it a train), and you "know"
the stuff you make up from pure fallacy.

[Paul Thomas]

"Bob" wrote
> As I've said in prior posts, THERE IS an "income tax" on the books in
> China
> but again, AS I'VE SAID, most Chinese do not pay any such tax. I've
> stated
> that only those who work for the "gov" in some capacity or work for a
> government owned business have the money stolen from their paycheck and
> they do not have to file a "lie sheet" every year like we do. I know a
> lot
> of Chinese and only the ones who work for the gov in some capacity have
> the
> "income tax" stolen from their paycheck. Others DO NOT. Now you can cite
> all the BS you want, but I have personal knowledge.


As in, you cheated the Chinese out of their taxes?




> The Chinese people are
> renowned for ignoring BS laws and their BS imcome tax is mostly ignored.
> I
> know of a taxi driver in Beijing who doesn't even know anyone in his
> circle
> who pay such a tax.



So all you have, if you are telling the truth, is that the Chinese cheat on
taxes easier than you can.


http://www.worldwide-tax.com/china/china_tax.asp
Last updated - JANUARY 2006

Income Tax Rates in China
The tax on an individual's income is progressive. As at 2005, an
individual's income is taxed progressively at 5% - 45%.
A limited company in China is liable for tax at the rate of 33% in 2005.
This tax is made up of a 30% national tax and a 3% local tax.
Companies in China that are located in specific legally defined areas pay
company tax of 24%.


Capital Gains
An individual's capital gains are taxable in China at the rate of 20%.
Capital gains tax for a Chinese company is added to the regular tax.
A 10% deduction at source is made from the capital gains of a foreign
company in China.
On taxing capital gains from the sale of real estate, when calculating the
capital gain the purchase cost is deducted from the sale price at the 20%
rate. When the capital gains are in excess of 50% of the purchase price, the
rate of capital gains tax fluctuates between 30% - 60%. (It is 60% when the
capital gain is over 200% when compared to the cost).



Table of Income Tax Rates in China for an Individual in 2005


Tax %Monthly Income (CNY)
5% 1 - 500
10% 501 - 2,000
15% 2,001 - 5,000
20% 5,001 - 20,000
25% 20,001 - 40,000
30% 40,001 - 60,000
35% 60,001 - 80,000
40% 80,001 - 100,000
45% 100,001 and above





The table relates to income from a business. Income from a wage is taxable
at 5% - 35%.
Passive income such as interest and royalties is taxable at a standard rate
of 20%.

Overseas Income

An individual and company who are Chinese residents are also taxed on their
income outside China and receive a credit for overseas taxes.
Qualification for residence for an individual:
Permanent residence in China while an individual who has no permanent
residence in China but has lived in China for less than 5 years is taxed on
his income in China, or overseas income that has its origins in China.



Reporting Dates and Payment


The tax year in China ends on December 31. It is compulsory to file a report
and pay advances monthly or quarterly (monthly for individuals).
The date for submitting an annual report and arranging payments is up until
May 31. There are fines on arrears. Foreign companies in China are obligated
to submit an interim report every three months (advance payments should be
paid within 15 days of the end of the quarter).
An individual whose entire income in China is from a salary or whose income
is subject to a deduction of tax at source is exempt from submitting an
annual report.
An employer is obligated to submit a monthly report on his employees' wages
and to pay the tax deducted within 7 days of the end of the previous month.



DEDUCTION OF TAX AT SOURCE

Taxation of Employees

An employer is obligated to deduct tax at source on a monthly basis from a
salaried employee and to make additional contributions to social security.
Social security in China consists of 3 parts, basic pension, personal
accounts and additional payment.
The rates for the basic pension are,employer - around 20%, employee - 7%.


Other deductions
The following payments are subject to a deduction of tax at source:
Dividend - 0%.
Interest - 10%
Royalties -10%.
Capital gains -10%











http://www.china-briefing.com/blog/2008/01/02/filing-annual-individual-income-tax-returns-in-china.html


Filing annual individual income tax returns in China
By Smile Yu/Dezan Shira & Associates

BEIJING, Jan. 2 - Early in 2008, expatriate employees in China with annual
incomes in excess of RMB120,000 (about US$16,200) should complete an annual
self-declaration to be submitted by the end of March - at the latest - for
their income earned in the 2007 tax year. This annual self-declaration means
such expatriates should complete and submit an Individual Income Tax
Declaration Form to the local tax authority in addition to their regular
routine monthly tax filings.

The following is a brief introduction to individual income taxes in China.
It is excerpted from the January/February 2008 issue of China Briefing. The
complete issue can be found here.

Who is subject to annual self-declaration?
In accordance with The Implementing Rules of the Individual Income Tax Law
of the People's Republic of China and The Self-declaration Rules Concerning
Individual Income Tax, taxpayers who meet the following five conditions
should file self-declarations of individual income taxes.

1) An annual income of more than RMB120,000
2) Income derived from two or more places inside the People's Republic of
China
3) Income derived partly or fully from sources outside the People's Republic
of China
4) Have received taxable income but not paid tax
5) Other conditions regulated by the State Council

What information should be included in the individual income tax declaration
form?
For individuals with an annual income in excess of RMB120,000, when
reporting their income taxes after the end of the tax year, they should
provide the following basic personal information: name, ID type and number,
profession, employer, place of residence, address in China, post code and
telephone number, as well as tax data such as the annual amount of any
different sourced incomes, taxes payable, taxes prepaid and withheld,
foreign tax credit and taxes owed or overpaid. In addition, foreigners
should declare their nationality and date of arrival in China.

What income should be included in the individual income tax declaration
form?
According to the implementation and self-declaration rules, an annual income
of over RMB120,000 means an individual person has earned a total income of
over RMB120,000 in the following categories: wages and salaries, income from
production or business operation conducted by self-employed industrial and
commercial households, income from contracted or leased operation of
enterprises or social service providers partly or wholly funded by state
assets, remuneration for providing services, author's remuneration,
royalties, interest dividends and bonuses, income from lease of property,
income from transfer of property, incidental income and other income.

On calculating annual incomes of RMB120,000, income exempted from tax and
amounts allowed to be deducted before tax payment should not be calculated
as part of the annual income.

Incomes exempted from tax and those allowed to be deducted before tax
payment fall into the following three categories:
First, income sourced externally from China may be tax exempted in
accordance with The Implementing Rules of the Individual Income Tax Law of
the People's Republic of China (note, this does not apply if your salary is
part paid in China and part overseas, under such circumstances the complete
salary must be declared).

Secondly, basic endowment insurance, government-regulated basic medical
insurance, unemployment insurance and housing funds paid by the taxable
individual's working units and taxable individual himself may be tax exempt.

Thirdly, the following incomes will be also exempt from tax:
monetary awards to an individual by provincial governments ministries or
commissions of the State Council of the People's Liberation Army at corps'
level or above, or a foreign or international organization concerned with
education, technology, culture, hygiene, sports, environmental protection,
or similar issues
interest on government bonds, or finance bonds issued by the government
for the purposes of Article 13 of the Tax Law, subsidies and allowances paid
in accordance with uniform regulations of the State shall mean special
government subsidies, academician and senior academician subsidies issued in
accordance with State Council regulations and allowances and subsidies that
are exempt from individual income tax by State Council regulations
welfare benefits, survivors pensions and relief payments
insurance indemnification payments
military severance pay and demobilization pay for officers and soldiers of
the armed forces
relocation allowances, employment severance pay, retirement pensions and
living expense subsidies for cadres and workers in accordance with the
government regulations income of diplomatic representatives, consuls, and
other personnel of foreign embassies and consulates
income exempted from tax as stipulated in the international conventions to
which the Chinese government is a party and in agreements it has signed
gains on stock and property transactions to be reported but not taxed


This entry was posted on Wednesday, January 2nd, 2008 at 10:25 am and is
filed under Tax & Accounting. You can follow any responses to this entry
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2 Responses to "Filing annual individual income tax returns in China"

jp Says:
January 3rd, 2008 at 9:23 am
What happens if a tax report is not submitted? Can the government actually
find out and do something about it?

Andy Scott Says:
January 3rd, 2008 at 4:47 pm
Individuals who have paid tax promptly but who do not complete the annual
self-declaration may face a personal tax audit by the tax bureau and a
potential tax fines risk for late tax filing. You must get these forms
completed.
The Immigration bureau is increasingly tied in with the sharing of data with
the China Tax Bureau. If you attempt to leave China without paying taxes you
face the risk of being detained.
China is increasingly moving to deter non-tax paying or fraudulently low tax
paying expatriates from positions of employment in China, including the
sharing of tax data with other countries. The chances are increasing that if
you seek to defraud the tax bureau and not declare income this will at some
point present a challenge to you with potentially serious consequences.







Google.......point 27 seconds.