Q:
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What are the preferential individual income tax policies in Shenzhen?
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A:
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Overseas high-end talents and talents in short supply working in Shenzhen are eligible to receive subsidies from Shenzhen government to cover the difference of individual income tax burden between the mainland and Hong Kong. And the subsidies shall be exempted from individual income tax.
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Q:
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How to define overseas high-end talents and talents in short supply in Shenzhen?
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A:
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In Shenzhen, overseas high-end talents and talents in short supply refer to Hong Kong and Macao permanent residents, Hong Kong residents who have obtained the Hong Kong Admission Scheme (quality migrants, professionals and entrepreneurs), Taiwan residents, foreigners, returned overseas students who have obtained long-term residence abroad and overseas Chinese, who are working in and paying tax in Shenzhen and meet one of the following conditions:
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candidates of the major talent projects of the municipality, province and state;
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overseas high-level talents recognized by the municipality, province and state;
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obtained of the talent card of Guangdong Province;
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obtained permanent residence card in China, work permit for foreigners (category A and category B) or confirmation letter of high-end talents;
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scientific research team members and middle-level or above management talents of major innovation platform of the municipality, province and state;
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scientific research team members and middle-level or above management talents of colleges and universities, scientific research institutions, hospitals and other relevant institutions, or team members undertaking major longitudinal research projects at municipal level or above, and leaders of key disciplines and specialties at municipal level or above;
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middle-level and above management talents, scientific research team members, technical backbone and outstanding young talents of headquarter enterprises, the world’s top 500 enterprises and their branches, high-tech enterprises, large-scale mainstay enterprises, listed enterprises and small and medium-sized enterprises with high growth and innovative technology;
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middle-level and above management talents, scientific research team members, technical backbone and outstanding young talents who work in or start business in key industries and areas of Shenzhen and there is no unqualified acceptance or overdue acceptance of projects supported by special funds for the development of strategic emerging industries in Shenzhen in the last 3 years.
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Q:
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How to calculate the individual income tax subsidies for 2019 in Shenzhen?
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A:
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The amount of tax paid in 2019 minus the estimated tax amount shall be the amount of individual income tax subsidies that the applicant may apply for. The estimated tax amount is the individual income tax payable amount in Shenzhen calculated in accordance with Hong Kong tax law for the year of 2019. The estimated tax amount for 2019 shall be calculated in accordance with the standard rate method. That is, the estimated tax amount = the taxable income of the applicant in Shenzhen ×15%.
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Q:
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When can I apply for the individual income tax subsidies for 2019 in Shenzhen?
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A:
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Qualified overseas high-end talents and talents in short supply may apply for the individual income tax subsidies for the year of 2019 through relevant Shenzhen government authorities from 1 August 2020 to 31 August 2020.
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Q:
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How long does it take to approve the application of 2019 individual tax subsidies in Shenzhen?
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A:
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The approving authority in Shenzhen is required to make a decision within 120 days upon receipt of the application for 2019 individual tax subsidies.
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