05 September 2024
The Shenzhen Municipal Finance Bureau, the Shenzhen Municipal Human Resources and Social Security Bureau, the Shenzhen Municipal Science and Technology Innovation Bureau, and the State Taxation Administration of Shenzhen Municipality (“the authorities”) issued the “Notice in relation to the Supplementary Application for Financial Subsidies of Individual Income Tax for Oversea High-end and Scarce Talent” (“the Notice”) on 5 September 2024. The authorities proposed that the supplementary application for financial Subsidies of individual income tax for oversea high-end and scarce talent for the year 2021, 2022, and 2023 will be processed and the subsidies are exempt from individual income tax. The application period is from 10 September 2024 to 10 October 2024.