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Zhongshan Issues Income Tax Subsidy Policy for High-End Non-Mainland Staff

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.

Applications for such subsidies should be submitted to the city’s talent management department during the period 1 June-31 July in the tax year subsequent to the tax year being claimed for. Any applications not completed during the period specified may be submitted during the corresponding window in the following year. Applications will not be accepted, however, if the deadline is missed a second time.

Full details of the procedures can be found in Interim Measures of Zhongshan for Implementing the Preferential Individual Income Tax (IIT) Subsidy Policy for the Greater Bay Area (Zhong Cai Gui Zi No. 1 [2019]).

Source: Zhongshan Municipal People’s Government

Content provided by Picture: HKTDC Research
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