SZ Extends Application Deadline for 2021/2022 IIT Subsidy to...

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Shenzhen has extended the application deadline for the individual income tax (IIT) subsidy for foreign and in-demand talent from September 30 to October 20, 2023. The city recently issued updated application guidelines and began accepting applications for the subsidy, which will be valid for one year.

The IIT subsidy is available to high-end foreign talent and in-demand talent residing in the nine mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). After a two-year hiatus due to the pandemic, the Guangdong Provincial Department of Finance instructed the GBA municipal governments to resume the IIT subsidy program in June. China's Ministry of Finance subsequently announced an extension of the program until the end of 2027.

Shenzhen is currently the only city in the GBA accepting applications for the IIT subsidy for the 2021 and 2022 tax years, with released guidelines. Foshan and Guangzhou have published draft guidelines for public comment but have not yet finalized them or started accepting applications.

Applicants must meet general eligibility requirements, including living and working in Shenzhen and belonging to specific categories such as permanent residents of Hong Kong and Macao, residents of Taiwan, foreign nationals, mainland Chinese returnees, or overseas Chinese with long-term residence abroad. 

They should also fulfill employment conditions, such as signing contracts with Shenzhen employers, being dispatched by overseas employers, providing independent personal services, or having worked in Shenzhen for at least 90 days within the applicable tax year.

Editor: CH

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