Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
720,000 元
Income Tax
- 318,486 元
Housing Fund
- 883 元
Pension
- 521 元
Medical Insurance
- 130 元
Unemployment
- 32.56 元
Total tax
- 320,052 元
Net pay
* 399,948 元
Marginal tax rate
45.0%
Average tax rate
44.5%
55.5%
Net pay
44.5%
Total tax
Total tax
Net pay
The Taxberg
399,948 元
Net pay
2,664 元
Tax the employer pays
320,052 元
Tax you pay
Total tax paid
322,717 元
Did you know your employer also pays tax on your salary? It costs the employer 2,664 元 to pay you 720,000 元. In other words, every time you spend 10 元 of your hard-earned money, 4.48 元 goes to the government.
Real tax rate
44.7%
So, with you and the employer both paying tax, what used to be a 44.5% tax rate now rises to 44.7%, meaning your real tax rate is actually 0.2% higher than what it seemed at first.
Summary
If you make 37,440,000 元 a year living in the region of Beijing, China, you will be taxed 16,642,729 元. That means that your net pay will be 20,797,271 元 per year, or 1,733,106 元 per month. Your average tax rate is 44.5% and your marginal tax rate is 45.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 元 in your salary will be taxed 45 元, hence, your net pay will only increase by 55 元.
Bonus Example
A 1,000 元 bonus will generate an extra 550 元 of net incomes. A 5,000 元 bonus will generate an extra 2,750 元 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Shanghai
CNY 20804775
44.4%
1
Beijing
CNY 20797271
44.5%
2
Guangzhou
CNY 20796492
44.5%
3
Europe
Country 
Net pay
Average tax
Rank
Russia
CNY 32572800
13.0%
1
Hungary
CNY 30513600
18.5%
2
Ukraine
CNY 30139200
19.5%
3
Czech Republic
CNY 28821166
23.0%
4
Romania
CNY 21902400
41.5%
5
Poland
CNY 21568335
42.4%
6
Greece
CNY 20981256
44.0%
7
Switzerland
CNY 20007287
46.6%
8
Norway
CNY 19795541
47.1%
9
Luxembourg
CNY 19790926
47.1%
10
Italy
CNY 19691256
47.4%
11
United Kingdom
CNY 19536057
47.8%
12
Spain
CNY 19521519
47.9%
13
Denmark
CNY 19270584
48.5%
14
Netherlands
CNY 18973514
49.3%
15
Sweden
CNY 18792513
49.8%
16
Austria
CNY 18596730
50.3%
17
Germany
CNY 18247287
51.3%
18
Ireland
CNY 18078244
51.7%
19
France
CNY 15766208
57.9%
20
Belgium
CNY 14034308
62.5%
21
Finland
CNY 13896048
62.9%
22
Portugal
CNY 13542986
63.8%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CNY 20208987
46.0%
1
Canada
CNY 17567478
53.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
CNY 33646861
10.1%
1
Hong Kong
CNY 31098916
16.9%
2
Singapore
CNY 29265098
21.8%
3
Indonesia
CNY 25336292
32.3%
4
Thailand
CNY 24435621
34.7%
5
Pakistan
CNY 24368297
34.9%
6
Vietnam
CNY 24347857
35.0%
7
Philippines
CNY 23294842
37.8%
8
New Zealand
CNY 22915352
38.8%
9
Taiwan
CNY 22646099
39.5%
10
Malaysia
CNY 22229690
40.6%
11
China
CNY 20797271
44.5%
12
Japan
CNY 20368431
45.6%
13
Australia
CNY 19982060
46.6%
14
South Korea
CNY 19739559
47.3%
15
India
CNY 5884869
84.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CNY 33143041
11.5%
1
Brazil
CNY 27148055
27.5%
2
Costa Rica
CNY 25213457
32.7%
3
Panama
CNY 25039246
33.1%
4
Mexico
CNY 24370840
34.9%
5
Argentina
CNY 24335950
35.0%
6
Puerto Rico
CNY 24246048
35.2%
7
Colombia
CNY 23007848
38.6%
8
Peru
CNY 22988932
38.6%
9
Uruguay
CNY 22936720
38.7%
10
Chile
CNY 22640226
39.5%
11
Ecuador
CNY 21456758
42.7%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CNY 27238851
27.3%
1
Kenya
CNY 26211658
30.0%
2
Ivory Coast
CNY 25537645
31.8%
3
Nigeria
CNY 25467585
32.0%
4
Ghana
CNY 24773760
33.8%
5
Mozambique
CNY 24351965
35.0%
6
Zambia
CNY 23027708
38.5%
7
Cameroon
CNY 22804241
39.1%
8
Morocco
CNY 22704503
39.4%
9
Senegal
CNY 22472257
40.0%
10
South Africa
CNY 20663824
44.8%
11
Uganda
CNY 20617791
44.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Kuwait
CNY 37363379
0.2%
1
Saudi Arabia
CNY 37336000
0.3%
2
Bahrain
CNY 37001108
1.2%
3
United Arab Emirates
CNY 35568000
5.0%
4
Qatar
CNY 35568000
5.0%
5
Oman
CNY 34444800
8.0%
6
Egypt
CNY 28081995
25.0%
7
Lebanon
CNY 28081366
25.0%
8
Turkey
CNY 21806814
41.8%
9
Israel
CNY 18896867
49.5%
10
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NOTE* Withholding is calculated based on the Beijing tables of China, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.