10 November 2023
The Dongguan Municipal Bureau of Finance, the Dongguan Municipal Science and Technology Bureau, the Human Resources and Social Security Bureau of Dongguan Municipality, and the Dongguan Municipal Tax Service of the State Taxation Administration (“the authorities”) issued the “Notice in relation to the “Implementation Measures for Individual Income Tax Preferential Policies Subsidies in Guangdong-Hong Kong-Macao Greater Bay Area in Dongguan Municipality (Interim)”” (“the Notice”) on 10 November 2023. The authorities announced that high-end talents and talents in shortage, working within Dongguan Municipality, shall receive financial subsidies from the Dongguan Municipal government. The subsidy shall be granted for the portion of individual income tax already paid in Dongguan Municipality that exceeds 15% of the taxable income. The subsidy is exempted for individual income tax. The maximum amount of individual income tax subsidy for each tax year shall not exceed RMB 5 million per taxpayer. These measures shall be effective from 10 November 2023 and valid until 31 December 2025.