Guangzhou Announces Greater Bay Area Income Tax Subsidy Arrangements
29 August 2019
Guangzhou has issued its Interim Measures for the Administration of Individual Income Tax Subsidies for the Guangdong-Hong Kong-Macao Greater Bay Area (Sui Cai Gui Zi No. 5 ). Among those eligible for such subsidies are highly-skilled non-mainland individuals who meet the requirements stipulated in the Guangzhou Catalogue of Foreign High-End Talents and those with skills not widely available among local workers as defined in the Guangzhou Catalogue of Talents in Short Supply and whose annual personal income exceeds RMB300,000 (US$42,000).
Applications relating to any given tax year need to be received during the specified period (typically early July to mid-August) the following year. Those who qualify but who fail to submit their application within the specified period will be entitled to apply during next specified period. Applications will not be accepted and subsidies will not be authorised, however, should the deadline be missed a second time.
These Measures were deemed to retroactively come into effect as of 1 January this year and will remain in force, on a trial basis, for 12 months.
Source: Guangzhou Municipal People’s Government
- Mainland China