30 June 2021
The Finance Bureau of the Jiangmen Municipality issued the “Administrative Measures of the Jiangmen Municipal Preferential Individual Income Tax Policy in the Guangdong Hong Kong - Macao Greater Bay Area” (“the Measures”) on 30 June 2021. Specific measures include offering individual income tax (“IIT”) financial subsidies to high-level talents and talents with short supply working in the Jiangmen Municipal Administrative Region for the portion exceeding 15% of their taxable income by the Jiangmen Municipality. The above financial subsidy will be exempted from IIT. The Measures are effective from 1 July 2021 and valid until 31 December 2023.