From 7/1/2020 to 8/31/2020, individuals whom have been worked in the Great Bay area in China can apply the Financial Subsidy from the government if certain qualifications are meet.

1. The application time:

2. Financial Subsidy amount:

The exceeding part of that the tax rate of the collected income tax in 2019 is more than 15%.

3. Workplaces:

Guangzhou, Shenzhen, Zhuhai, Zhongshan, Dongguan, Huizhou, Foshan, Zhaoqing, Jiangmen

4. Candidates:

Hongkong, Macao, Taiwan Residents, and Foreign nationality person.

5. Qualifications:

① Obtained the Class-A or B working permit. Extra certificates are required to demonstrate talent level if the candidates only obtain Class-C working permit.

② Record of living in China more than 90 days in 2019.

③ The income tax during 2019 has been paid or partly paid in China. Some areas stipulate a minimum amount of the taxable income in 2019: it is 500,000RMB in Shenzhen and 300,000 RMB in Guangzhou. 

Due to the complexities and differences in requirements of the Financial Subsidy among cities of the Great Bay area, we’d advice candidates to seek help for application from your company’s HR or us.

If you authorize us to help you, please offer the documents as below, we will take an inspect first and give you feedback.

In addition, we can also provide the service of the working permit application or other documented paper which conform to the Financial Subsidy requirements according to your situation.

1. Class-A or B working permit or other proof of being the talent that should be released by the authority.

2. Tax record of 2019 or screenshot of the annual tax declaration.

TEAM MEMBERS

Anita Wang

Partner in the Tax Department

Practicing on Finance and Tax

Working language: Chinese and English

Email：wanglingru@zlwd.com