The Shenzhen Municipal Government has released the 2024 Application Guidelines for financial subsidies under the Individual Income Tax (IIT) Preferential Policy for high-end and urgently needed talent in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Eligible applicants may receive a tax rebate of up to RMB 5 million.
Who Can Apply?
Applicants must meet the following criteria:
1. Identity Requirements:
(1)Permanent residents of Hong Kong or Macao
(2)Participants in Hong Kong's Admission Schemes
(3)Residents of Taiwan
(4)Foreign nationals
(5)Overseas Chinese or international students with long-term foreign residency
2. Work Requirements:
(1)Employed in Shenzhen in fields such as science and technology innovation or key industries
(2)Worked in Shenzhen for more than 90 days in 2024
(3)Legally paid individual income tax in China
(4)Must be employed at the time of application
① High-end talent must be in active employment
② Urgently needed talent must still hold a qualifying position
3. Integrity Requirements:
(1)Must have a clean legal and tax compliance record
(2)Not listed on any national dishonesty (blacklist) databases
4. Talent Classification:
(1)High-End Talent: Must meet criteria outlined in Shenzhen's "High-End Talent Directory"
(2)Urgently Needed Talent: Must match roles listed in Shenzhen's "Directory of Urgently Needed Positions," supported by an employer-issued position description
How Much Is the Subsidy?
Calculation Formula:
Subsidy = Amount of IIT paid in Shenzhen in 2024 − (Taxable income × 15%)
Maximum Cap:
Up to RMB 5 million per person per year (exempt from further taxation)
Note:
If applicants have already received Shenzhen municipal or district-level talent awards in 2024 (e.g., under the Pengcheng Peacock Plan), the equivalent amount will be deducted from the current subsidy.
Application Timeline
(1)Application Period: June 1 to July 31, 2025
(2)Platform: Guangdong Provincial Government Services Portal
https://www.gdzwfw.gov.cn/
Application Procedure
(1)Individual Submission:
Register via the Guangdong unified identity authentication platform
http://tyrz.gd.gov.cn/
Search for "Shenzhen IIT Financial Subsidy for Overseas High-End and Urgently Needed Talent"
Complete the form, upload materials, and submit declarations
(2)Employer Verification:
Employers must verify the applicant's details and submit confirmations, including position descriptions, by July 31
(3)Government Review:
The reviewing authority will confirm acceptance within 5 business days
Includes preliminary review, central audit, and final subsidy calculation
(4)Fund Disbursement:
Subsidy will be transferred directly to the applicant's Mainland Chinese bank account
Required Documents
(1)Proof of Identity:
Hong Kong/Macao travel permits, Taiwan resident permits, passports/visas, foreign permanent residency, etc.
(2)Talent Certification:
High-End Talent: Recognition certificates, job offers, foreign work permits
Urgently Needed Talent: Employer-issued position descriptions and proof of suitability
(3)Employment Contract:
Labor, dispatch, or service contract
(4)Banking Information:
The Chinese mainland type I personal bank account
(5)Commitment Letters:
Personal integrity declaration and employer verification statement
(6)Other Awards Proof:
Documentation of any talent-related incentives received from Shenzhen in 2024
Important Reminders
(1)Policy Overlap:
If eligible under multiple regional IIT policies (e.g., Qianhai, Hetao), applicants must choose only one for the year.
(2)Penalties for Fraud:
False claims will lead to recovery of funds and legal accountability.
(3)Time Sensitivity:
Talent qualifications must be obtained in 2024 to be valid for the year's subsidy.
For the original Chinese-language announcement, visit:
http://szfb.sz.gov.cn/gkmlpt/content/12/12203/post_12203332.html#4457
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