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Zhuhai Outlines Greater Bay Area Tax Incentives for Non-Mainland Personnel

Zhuhai has issued details of the income tax subsidy arrangements for non-mainland individuals employed within the city on the basis of their high-end / 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 (IIT) payable in Zhuhai in excess of 15% of their taxable income. This subsidy will be exempt from any IIT obligation.

The department concerned will issue application guidelines on its website and on the city’s special funds management platform before June every year. Applications for such subsidies should be submitted to the city’s special funds management platform during the period 1 June-31 July in the tax year subsequent to the tax year claimed for.  

Full details can be found in the Interim Measures of Zhuhai for Implementing the Talent Recognition and Fiscal Subsidy under the Preferential Individual Income Tax Policy for the Greater Bay Area. These Interim Measures will be in force until 31 December this year.

Source: Zhuhai Municipal People’s Government

Content provided by Picture: HKTDC Research
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