Department of Finance of Guangdong Province, Shenzhen Municipal Finance Bureau, and Guangdong Provincial Tax Service and Shenzhen Tax Service of the State Taxation Administration:

To support the development of Guangdong-Hong Kong-Macao Greater Bay Area, the individual income tax preferences for the Greater Bay Area are hereby notified as follows:

I. Guangdong Province and Shenzhen City shall provide subsidies to overseas high-end talents and urgently-needed talents working in the Greater Bay Area (including those from Hong Kong, Macao and Taiwan; hereinafter the same) based on the difference in individual income tax burden between the Chinese mainland and Hong Kong. Such subsidies shall be exempt from individual income tax.

II. The determination of and subsidy measures for overseas high-end talents and urgently-needed talents who work in the Greater Bay Area shall be implemented in accordance with the relevant regulations of Guangdong Province and Shenzhen City.

III. This Circular shall apply to the nine Pearl River Delta cities within the Greater Bay Area, including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing in Guangdong Province.

IV. This Circular shall be implemented until December 31, 2027.

Ministry of Finance

State Taxation Administration

August 18, 2023

All information in this document is authentic in Chinese. English is provided for reference only. In case of any discrepancy, the Chinese version shall prevail.