Notice on “Foshan Municipality Interim Measures Concerning Administration on Financial Subsidies Related to Individual Income Tax Preferential Policies in the Guangdong-Hong Kong-Macao Greater Bay Area” (Fo Cai Fa [2019] No.24)

31 October 2019

Foshan Finance Bureau, Foshan Science and Technology Bureau, Foshan Human Resources and Social Security Bureau and Foshan Tax Services Bureau, State Administration of Taxation jointly issued a notice on the interim measures concerning the administration on financial subsidies related to individual income tax preferential policies in the Guangdong-Hong Kong-Macao Greater Bay Area on 31 October 2019.

Overseas high-end talents and talents in shortage working in Foshan will receive financial subsidy for individual income tax exceeding 15% of taxable income. The subsidy is tax-free. The measures took effect on 1 January 2019 and are on trial for one year.

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