05 August 2019
The Finance Bureau of Foshan Municipality published the Interim Measures for public consultation on 05 August 2019. Specific measures include offering individual income tax (“IIT”) financial subsidies to high-level talents and talents with short supply working in the Foshan Administrative Region for the portion exceeding 15% of their taxable income. The above financial subsidy will be exempted from IIT. The Measures are effective from 01 January 2019 and last for 1 year.