Changzhou Talents Special Incentives
Changzhou - “Notice on Issuing the Implementation Rules of the Series of "Policies Regarding the Promotion of Innovative Development"”.
Changzhou is situated in the south part of Jiangsu province, between Nanjing and Wuxi. In 2020, its GDP reached the amount of 7,805.3 billion RMB, which places it in the fifth place in the GDP ranking of Jiangsu province. The individual income tax has changed during the years. Following the tax burden in 2022 for foreign individuals, several cities and prefectures are focusing on special awards and incentives to be grated to foreign talents.
Government of Changzhou issued the notice at 24th Mar. 2021 that qualified high-level talents newly introduced in Changzhou from January 1 2021 are awarded on different level as following,
The part of the total salary of more than CNY 300,000 and less than CNY 660,000 will be rewarded at 100% of the local contribution;
The total wages and salaries of more than CNY 660,000 and less than CNY 960,000 will be rewarded at 75% of the local contribution;
The total wages and salaries above CNY 960,000 will be rewarded at 50% of the contribution to the local government.