Application for 2024 GBA IIT Subsidy Kicks Off in Shenzhen

Recently, Shenzhen Finance Bureau, Shenzhen Human Resources and Social Security Bureau, Shenzhen Science and Technology Innovation Bureau and Shenzhen Tax Bureau of State Taxation Administration jointly released the Shenzhen Application Guidelines for Guangdong-Hong Kong-Macao Greater Bay Area Individual Income Tax Financial Subsidy for 2024 Tax Year, officially kicks off the application process for 2024 Guangdong-Hong Kong-Macao Greater Bay Area (GBA) individual income tax (IIT) subsidy for overseas talents. The application period starts from June 1st to July 31st, 2025.

During the application period, qualified overseas talents who work in Shenzhen can apply for financial subsidy for the portion of their individual income tax paid in Shenzhen for the 2024 tax year (i.e. from January 1 to December 31, 2024) that exceeds 15% of their taxable income. The maximum individual income tax subsidy for each taxpayer in the 2024 tax year shall not exceed RMB5 million.

Overseas talents include permanent residents of Hong Kong and Macau, Hong Kong residents who are qualified for the Hong Kong Admission Schemes (for talents, professionals, and entrepreneurs), residents of Taiwan, foreign nationals, or returning overseas students and overseas Chinese with long-term foreign residency rights.

Qualified applicants can search for 'Individual Income Tax Financial Subsidy for High-end and Shortage Overseas Talents in Shenzhen' on Guangdong Government Service Network (https://www.gdzwfw.gov.cn ) during the period from June 1st to July 31st, 2025 and submit subsidy applications in accordance with the relevant regulations.

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