25 June 2021
The Finance Bureau of the Zhongshan Municipality issued the “Notice in relation to Issurance of the “Adminstrative Measures of the Preferential Individual Income Tax Policy in the Guangdong Hong Kong - Macao Greater Bay Area” (“the Measures”) of the Zhongshan Municipality” on 25 June 2021. Specific measures include offering individual income tax (“IIT”) financial subsidies to high-level talents and talents with short supply working in the Zhongshan Municipal Administrative Region for the portion exceeding 15% of their taxable income by the Zhongshan Municipality. The above financial subsidy will be exempted from IIT. The Measures are effective from 1 January 2020 and valid until 31 December 2023.