18 June 2025
The Shenzhen Municipal Finance Bureau and the Shenzhen Tax Service, State Taxation Administration (“the authorities”) issued the “Notice in relation to “Implementation Measures for Preferential Policies for Individual Income Tax in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone”” (“the Notice”) on 18 June 2025. The authorities proposed that Hong Kong residents working in the Qianhai Cooperation Zone will be exempt from paying the portion of their individual income tax that exceeds the tax burden in Hong Kong. The Notice is effective on 30 June 2025 and will be valid until 31 December 2027.