HK Economy- Highlight
11 Sept 2019
One of the world’s most prestigious higher education institutions, the Boston-headquartered Massachusetts Institute of Technology (MIT) created its Hong Kong Innovation Node in 2015, and in the years since has sought to drive innovation and entrepreneurship across the Greater Bay Area.
Zhongshan has issued details of the income tax subsidy arrangements for non-mainland individuals employed within the city on the basis of their high-end or urgently-required skillsets. Under the terms of these arrangements, such individuals will be entitled to a financial subsidy equal to the amount of individual income tax payable in Zhongshan in excess of 15% of their taxable income.