News Snapshot:
Income Tax Subsidies for Overseas Talents in China’s Greater Bay Area: Application Process and Deadlines IIT subsidies are available to expatriates in China’s Greater Bay Area. From the start of 2019 to the end of 2023, eligible foreign talents working in nine cities in Guangdong province can enjoy a financial subsidy, which could lower the effective individual income tax (IIT) rate to 15 percent. So far, all nine cities have kicked off the new round of application in 2021. All nine cities in Guangdong province in the Greater Bay Area (GBA), including the belated Shenzhen, have opened application channels for...
