

Foreigners who work in China all want to apply for 2-year's ,3-year's, or even 5-year's Work Visa and Permanent Residence, but generally they will get a disappointing reply: "Your are not qualified."

But since August, Guangzhou Enter & Entry Department has launched a series of policies about Foreigner Visa. Among those policies, most of them are related to foreigners who work in Guangzhou. Do you want to get longer Work Visa? It's possible now!Of course, not all the conditions are appropriate to you, but you can do the following one!
Foreigners in Canton, who meet the standard of Annual Salary Income & Annual Personal Tax Payment, could apply for China Permanent Residence.
Here Comes The Question:

Let Us Teach You!
Simple Calculation Formula

*Remark: if a foreigner's salary is more than 4,800RMB, you need to pay personal tax.
For Example: Case A

If one person's salary is 10000RMB, his personal tax should be:
10000RMB-4800RMB=5200RMB
5200RMB belong to Item 3 (more than 4500RMB to 9000RMB)
So 5200RMB*20%=1040RMB and cut the Item 3 pay deduction 555RMB.
In the end, the personal tax is 1040RMB-555RMB=485RMB
For Example: Case B

If one person's salary is 20000RMB, then his personal tax should be :
20000RMB-4800RMB=15200RMB
15200RMB belong to Item 4(more than 9000RMB to 35000RMB)
So 15200RMB*25%=3800RMB and cut the Item 4 Pay Deduction 1005RMB.
In the end, the personal tax is 3800RMB-1005RMB=2795RMB

That's a really good news for all of you who work in China!LET'S TRY AND TAKE YOUR 5-year′s Work Visa!
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HACOS,Business Services Solutions Master


