Greater Bay Area Expat Tax
In the process of promoting the construction of the Greater Bay Area, China has introduced preferential tax policies for foreign high-end talents. Greater Bay Area consists of nine cities in the Guangdong province (Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Huizhou, and Zhaoqing) and the two special administrative regions of China (Hong Kong and Macau).
Since its implementation in 2019, it has achieved good results and has allowed foreigners to obtain considerable benefits.
For overseas high-end talents and talents in short supply who work in the Greater Bay Area, the amount of personal income tax paid in the nine Pearl River Delta cities exceeds the tax amount calculated at 15% of the taxable income. The people's government of the nine Pearl River Delta cities Grant financial subsidies, which are exempt from personal income tax. It can be calculated at the excess progressive tax rate (2%, 6%, 10%, 14%, 17%) or the standard tax rate (15%).