21 July 2022
The Ministry of Finance and State Taxation Administration (“the authorities”) issued the “Notice in relation to Measures of Preferential Individual Income Tax Policy in the Nansha District of the Guangzhou Municipality” (“the Notice”) on 21 July 2022. The authorities announced that portion exceeding the Hong Kong salaries tax burden borne by Hong Kong residents working in the Nansha District will be exempted from IIT. The effective date of the Notice would be from 1 January 2022 to 31 December 2026.