【Incentives for attracting talent】Overseas high-end and urgently needed talents can enjoy tax subsidies in Guangdong

In recent years, Shenzhen has issued a series of talent policies and regulations, based on the needs of economic and social development. It is committed to creating a high-quality environment for talented human resources and building institutional advantages with international competitiveness. Through the upgrading of its related policies, the city is promoting the transformation from "attracting talent with policies" to "forming an environment and culture conducive for talent gathering," based on a market-oriented approach. The city’s warm welcome and financial benefits attract continuous inflows of talented people.

Shenzhen is striving to build itself into a city of dreams and a place where the world's talents look forward to living and working.

In order to support the construction of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and attract overseas high-end talents and urgentlyneeded talents to work in the GBA, the Ministry of Finance and the State Administration of Taxation on March 15, 2019, formulated and issued the Notice on Preferential Policies for Personal Income Tax in the GBA, stipulating that high-end overseas and urgentlyneeded talents working in the GBA will enjoy tax subsidies equivalent to the difference between the individual income tax applied on the mainland and in Hong Kong, and the subsidies will be exempted from individual income tax.

Key requirements:

Applicants should be talented people in technological innovation, important industries and social sciences who fall into the category of high-end talents or on the list of urgently needed talents.

Policy benefits:

Subsidies will be given according to the difference in individual income tax between the mainland and Hong Kong. The subsidies will be exempted from individual income tax.

The amount already paid by the applicant minus the tax payable based on the Hong Kong individual personal income tax of 15% is the amount the applicant can apply for, in terms of the individual income tax subsidy for that year.

How to calculate tax liability: The tax amount based on the standard tax rate = taxable income × 15%; the tax amount calculated by the progressive tax rate method is the tax payable based on the original income in accordance with the Hong Kong tax law.

Application procedures:

Individual application, employer review, window acceptance, qualification review, subsidy calculation, objection handling, subsidy distribution.

Application procedure:

According to the policy, the whole application process is conducted online. There is no need to submit paper materials at a window. For more details, please log in to the Guangdong Government Service Network and conduct an online application according to the talent type and region.