Jade Cargo

[HitList]

Jade Recruitment

" For The Record "


The Jade situation has been already discussed and dismissed, by many well qualified Pilots, in detail, last year, in the "South Asia and the Far East" forum, some threads are still viewable and some have been deleted.

Type Rated Captain Pay:

for a month of 0 flying = $ 5,500 USD
for a month of 50 hours = $ 8,000 USD, and almost no perdiem and housing
for a month of 80 hours = $ 9,500 USD

and then Subtract ---MINUS The Chinese IIT Expat Tax Law*.

The Law states, for the 80 hours, figure : 35% *

( 9,500 USD X 7.59 RMB = 72,105 RMB )


Accordingly Type Rated Captain Pay :

for a month of 80 flying hours = Appr. $ 6,175 USD After Tax

including the so-called allowances, which do not cover the actual expenses in Shenzhen.

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* CHINA - Expatriate Individual Income Tax Law

( Accurate & Verifiable with any Chinese Applicable Authority )

RMB 500 to RMB 20,000-----20%
RMB 20,001 - 40,000-------25%
RMB 40,001 - 60,000-------30%
RMB 60,001 - 80,000-------35% *
RMB 80,001 -100,000 ------40%
In excess of RMB 100,000---45%

There are some implicit or explicit benchmarks at local tax bureaus on what a reasonable salary is in certain industries and this could vary with your position, your education background and the country you come from. Local authorities have the power to increase your declared salary. Should this be manifestly low or inadequate to your position, they shall assume and obtain the proved confirmation that you are deliberately reducing the figure to escape from a higher IIT threshold. This can be enormously damaging for you and your employer who would be placed under far greater tax scrutiny in the future for potential tax evasion issues within the business.

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