28 December 2023
The Jiangmen Municipal Finance Bureau, the Jiangmen Municipal Science and Technology Bureau, the Human Resources and Social Security Bureau of the Jiangmen Municipality, Jiangmen Municipal Talent Work Bureau and Jiangmen Municipal Tax Service, State Taxation Administration (“the authorities”) issued the “Notice in relation to Employment Optimisation and Stabilization Policies and Measures to Promote Development and Facilitate People’s Livelihood” (“the Notice”) on 28 December 2023. The authorities announced that high-end talents and talents in shortage, working within Jiangmen Municipality, shall receive financial subsidies from the Jiangmen Municipal government. The subsidy shall be granted for the portion of individual income tax already paid in Jiangmen 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. Applicants shall be permanent residents of Hong Kong, permanent residents of Macao and residents of Taiwan region. These Measures shall be effective from 28 December 2023 and valid until 31 December 2027.