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comparing tax in australia with china

AustraliaChinaDifference in China
Gross Income 53,183.76 AUD / 30,000.00 GBP 257,595.36 CNY / 30,000.00 GBP - 0.00 GBP
Tax Due 9,895.40 AUD / 5,581.82 GBP 67,350.84 CNY / 7,843.80 GBP + 2,261.98 GBP
Net Income 43,288.36 AUD / 24,418.18 GBP 190,244.52 CNY / 22,156.21 GBP - 2,261.98 GBP
Overall Tax Rate 18.6 % 26.1 % + 7.50 %.

Figures based upon 1 AUD = 0.56408197 GBP.

Figures based upon 1 CNY = 0.11646173 GBP.

In Australia, an income of 53,183.76 AUD / 30,000.00 GBP is more than the lowest average advertised salary of 31,000.00 AUD / 17,486.54 GBP and less than the country's average income of 72,000.00 AUD / 40,613.90 GBP.

In China, an income of 257,595.36 CNY / 30,000.00 GBP is more than the lowest average advertised salary of 66,000.00 CNY / 7,686.47 GBP and more than the country's average income of 240,000.00 CNY / 27,950.82 GBP.

Here are how much some common purchases cost in Australia vs China:

AustraliaChinaDifference in China
Water Bottle (1.5L) 1.79 AUD / 1.01 GBP 3.92 CNY / 0.46 GBP - 0.55 GBP
Milk Bottle (1L) 1.46 AUD / 0.82 GBP 12.67 CNY / 1.48 GBP + 0.66 GBP
Pint of Beer 8.00 AUD / 4.51 GBP 6.00 CNY / 0.70 GBP - 3.81 GBP
Bread (500g) 2.52 AUD / 1.42 GBP 10.74 CNY / 1.25 GBP - 0.17 GBP
Chicken Breasts (1kg) 10.24 AUD / 5.78 GBP 25.22 CNY / 2.94 GBP - 2.84 GBP
Petrol UK Gallon 6.68 AUD / 3.77 GBP 32.22 CNY / 3.75 GBP - 0.02 GBP
Volkswagen Golf or Equivalent 25,000.00 AUD / 14,102.05 GBP 140,000.00 CNY / 16,304.64 GBP + 2,202.59 GBP
Broadband Internet Monthly 74.02 AUD / 41.75 GBP 100.18 CNY / 11.67 GBP - 30.08 GBP
Rent One Bedroom Apt. In City (Monthly) 1,679.85 AUD / 947.57 GBP 3,582.47 CNY / 417.22 GBP - 530.35 GBP
Purchase One Bedroom Apt. In City 264,251.05 AUD / 149,059.25 GBP 1,671,389.30 CNY / 194,652.89 GBP + 45,593.63 GBP

Part of Oceania, Australia covers an area of 7,700,519 square kilometers.

Australia has a Gross Domestic Product (PPP) of 1,188.76 ($ Billion) from a population of 24,641,662.

A progressive tax system spread over 5 bands - ranging from 0% to 45%.

2018 Tax bands are as follow:

Below 18200 AUD - 0%

Between 18200 AUD and 37000 AUD - 19%.

Between 37000 AUD and 90000 AUD - 32.5%.

Between 90000 AUD and 180000 AUD - 37%.

Above 180000 AUD - 45%.

There are no social security contributions. A Medicare (National Health Scheme) levy is calculated on taxable income of 2% - raised to 3%, 3.5% for higher incomes.

Source: https://www.ato.gov.au.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Asia, China covers an area of 9,386,293 square kilometers.

China has a Gross Domestic Product (PPP) of 21,269.02 ($ Billion) from a population of 1,388,232,693.

A progressive tax system spread over 7 bands - ranging from 3% to 45%.

Tax bands are as follow:

Below 18000 CNY - 0%

Between 18000 CNY and 54000 CNY - 10%.

Between 54000 CNY and 108000 CNY - 20%.

Between 108000 CNY and 420000 CNY - 25%.

Between 420000 CNY and 660000 CNY - 30%.

Between 660000 CNY and 960000 CNY - 35%.

Above 960000 CNY - 45%.

A standard personal allowance is available of 42,000 CNY.

Social security contributions (Beijing): Pension 8%, Medical 2% + 36 CNY, Unemployment 0.2%. Total 10.2% + 36 CNY. Capped at 26,052 CNY.

Source: http://www.chinatax.gov.cn/2013/n2925/.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Australia and China and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Australia's and China's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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