Guidelines on income tax subsidies for overseas talents issued

The English version of Measures of Guangzhou for Administration of Financial Subsidies under Preferential Individual Income Tax Policies in Guangdong-Hong Kong-Macao Greater Bay Area was issued by the Guangzhou Municipal Finance Bureau on January 4.

Nansha District, Guangzhou. Photo provided to GDToday

Overseas talents in Guangzhou can check the specific guidelines in English for the application of financial subsidies under the preferential individual income tax policies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) on the official website of the Guangzhou Municipal Finance Bureau.

According to the Measures, eligible overseas talents who work in Guangzhou will be given financial subsidies if the amount of Individual Income Tax (IIT) they paid in Guangzhou exceeds 15 percent of their taxable income in the tax years 2020, 2021, and 2022. The maximum financial subsidy for IIT per taxpayer per tax year is RMB 5 million.

Applications for financial subsidies related to preferential IIT policies for the tax years 2021 and 2022, as well as retroactive applications for the tax year 2020, will be accepted from December 29, 2023, to February 29, 2024. (GD Today)

Related links:

1. Guidelines for the Application of Financial Subsidies under the Preferential Individual Income Tax Policies in Guangdong- Hong Kong- Macao Greater Area for Overseas Talents in Guangzhou (2023)

广州市境外人才粤港澳大湾区个人所得税优惠政策财政补贴申报指南（2023年）中英译本

https://czj.gz.gov.cn/attachment/7/7533/7533480/9423270.pdf 

2.Measures of Guangzhou for Administration of Financial Subsidies under Preferential Individual Income Tax Policies in Guangdong-Hong Kong-Macao Greater Bay Area (2023 Revision) 广州市关于实施粤港澳大湾区个人所得税优惠政策财政补贴管理办法（2023年修订）中英译本

https://czj.gz.gov.cn/attachment/7/7533/7533661/9423285.pdf 

3.(In Chinese) 广州市财政局 广州市科学技术局 广州市人力资源和社会保障局 国家税务总局广州市税务局印发广州市关于实施粤港澳大湾区个人所得税优惠政策财政补贴管理办法（2023年修订）的通知 

https://www.gz.gov.cn/gfxwj/sbmgfxwj/gzsczj/content/post_9410809.html