12 July 2019
The Finance Bureau of Zhongshan Municipality published the Interim Measures for public consultation. Specific measures include offering individual income tax (“IIT”) financial subsidies to high-level talents and talents with short supply working in the Zhongshan Administrative Region for the portion exceeding 15% of their taxable income. The above financial subsidy will be exempted from IIT. The Measures are effective from 01 January 2019 and last for 1 year.