Nansha launches new tax policy for foreigners

A detailed explanation on the individual income tax preferential policy for Guangdong-Hong Kong-Macao Greater Bay Area was announced on June 22.

Excess tax above the obligatory 15 percent applied to income of high-end and urgently-needed talents will be relieved as a subsidy in Guangzhou and another eight municipal governments in the Pearl River Delta.

The actual tax burden of overseas talents working in the Greater Bay Area would thus be reduced, which will play an active role in gathering talents.

Besides encouraging foreign talents to work here, Guangzhou’s Nansha district also supports them to start their own businesses.

Income from wages and salaries, labor remuneration, royalties, business operations, and subsidies obtained from selected talent projects are all included in the new relief policy.

Subsidies are given based on individual income items in the form of sub-item calculations and merger subsidies.