02 August 2019
The Finance Bureau of Foshan Municipality published the Interim Measures for public consultation on 2 August 2019. Specific measures include offering individual income tax (“IIT”) financial subsidies to high-level talents and talents with short supply working in the Foshan 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 1 January 2019 and last for 1 year.