27 March 2019
Individual Income Tax Subsidies on Offer in Greater Bay Area
Income tax subsidies are to be offered to highly-skilled, overseas-recruited staff working in the Guangdong-Hong Kong-Macao Greater Bay Area. The move was jointly-announced by the Ministry of Finance and the State Administration of Taxation in a 16 March circular and will apply (retroactively from 1 January this year) to any duly-eligible individuals working in any of nine designated Pearl River Delta cities.
The offer is open to all non-mainland-sourced employees (including individuals recruited from Hong Kong, Macao or Taiwan) with recognised qualifications and is intended to offset the individual income tax differentials between mainland China and Hong Kong. All such subsidies will be exempt from individual income tax under the terms of the policy, which is scheduled to remain in force until 31 December 2023.
For further details (in Chinese), please access the following link: