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 Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone” (“the Notice”) on 18 June 2025. The authorities proposed that Hong Kong residents working in the Shenzhen Park will be exempt from paying the portion of their individual income tax that exceeds the tax burden in Hong Kong. Hong Kong residents may choose to handle the individual income tax refund either by themselves or through their employing organization.