BEIJING, June 26 (Xinhua) -- South China's Guangdong Province has recently announced preferential income tax policy for overseas high-end talents and talents in short supply working in the Guangdong-Hong Kong-Macao Greater Bay Area.
According to the document released by the Finance Department of Guangdong Province on June 22, governments of the nine cities in the Pearl River Delta will give subsidies to those talents for that part of personal tax they have paid in the nine cities, exceeds 15 percent of the taxable income. And the subsidies will be exemp from paying individual income tax.
The document shows that the income from wages and salaries, remuneration for personal service, author's remuneration, royalties, business and subsidies of selected talent projects are included in the scope of income tax subsidies.
The income tax subsidies will be granted to the overseas talents with the basic requirements, namely permanent residents of Hong Kong or Macao, residents of Hong Kong with immigration scheme, residents of Taiwan, foreign nationalities or returned overseas students who have obtained long-term residency abroad and overseas Chinese; working in the nine cities of the Pearl River Delta; and obeying the laws, regulations, research ethics and research integrity.
According to the document, the policy, effective from January 1 of this year with a trial period of one year, applies to nine cities in Guangdong, including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing. (Edited by Tong Wei, tongwei@xinhua.org)
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