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Notice of Ministry of Finance and State Administration of Taxation on Preferential Policies for Individual Income Tax in Guangdong-Hong Kong-Macao Greater Bay Area Caishui [2019] NO. 31

Department of Finance of Guangdong Province, Shenzhen Finance Bureau, Guangdong and Shenzhen Tax Bureau of SAT:

In order to support the construction of Guangdong-Hong Kong-Macao Greater Bay Area, the preferential policies for individual income tax in the Greater Bay Area are notified as follows:

  1. Guangdong Province and Shenzhen Municipality give subsidies to overseas (including Hong Kong, Macao and Taiwan, the same below) high-end talents and talents in urgent demand and short supply who work in the Greater Bay Area, which based on the different of individual income tax burden between China’s mainland and Hong Kong. The subsidies are exempt from individual income tax. 

  2. Measures for identifying and subsidizing overseas high-end talents and talents in urgent demand and short supply who work in the Greater Bay Area shall be implemented in accordance with the relevant regulations of Guangdong Province and Shenzhen Municipality.   

  3. The application scope of this notice includes Guangzhou, Shenzhen, Zhuahi, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing, the nine cities in the Greater Bay Area and Pearl River Delta.

  4. This notice shall be effective from January 1, 2019 to December 31, 2023. The Notice of Ministry of Finance and State Administration of Taxation on Preferential Policies for Individual Income Tax in Hengqing New District of Guangdong Province (Caishui[2014] No. 23) and the Notice of Ministry of Finance and State Administration of Taxation on Preferential Policies for Individual Income Tax in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Caishui[2014] No. 25) are abolished from January 1, 2019.

Ministry of Finance
State Administration of Taxation
14 March 2019


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