28 August 2023
The Ministry of Finance of Shenzhen Municipality, the Shenzhen Municipal Human Resources and Social Security Bureau, the Shenzhen Science and Technology Innovation Commission and the Shenzhen Municipal Tax Service of the State Taxation Administration (“the authorities”) issued the “Notice in relation to the “2021 and 2022 Tax Year Overseas High-end and Urgently Needed Talents Individual Income Tax Subsidies Application Guideline in Shenzhen Municipality”” (“the Notice”) on 28 August 2023. The authorities announced that eligible, overseas high-end talents working in Shenzhen Municipality may apply for individual income tax subsidies, with a maximum subsidy amount of RMB 5 million. Applicants may submit subsidy applications through the filing system from 1 September 2023 to 30 September 2023. This application guideline shall be effective from 1 September 2023, for a period of one year.