2022 Personal Tax Policies in the Greater Bay Area
To support the development of the Guangdong-Hong Kong-Macau Greater Bay Area, the Ministry of Finance and the State Taxation Administration released the Notice on Individual Income Tax preferences for Guangdon-Hong Kong-Macau Greater Bay Area (Cai Shui [2019] No. 31).
The Circular 31 grants subsidy for overseas (including Hong Kong, Macau and Taiwan) high-end talents and highly sought-after talents working in the Greater Bay Area. Such subsidy shall also be exempted from individual income tax.
Previously implemented and effective until December 31, 2023.