Nansha's personal income tax preferential policy was officially implemented. Hong Kong and Macao residents working in Nansha, Guangzhou, whose personal income tax burden exceeds that of Hong Kong and Macao, will be exempted. The Ministry of Finance and the State Administration of Taxation recently officially issued the notice on the preferential policies for personal income tax in Nansha, Guangzhou. The notice aims to implement the relevant requirements of the general plan for deepening the comprehensive cooperation between Guangdong, Hong Kong and Macao in Nansha, Guangzhou. The circular points out that for Hong Kong residents working in Nansha, Guangzhou, the part of their personal income tax burden that exceeds the tax burden of Hong Kong will be exempted; For Macao residents working in Nansha, Guangzhou, the part of their personal income tax burden exceeding Macao's tax burden shall be exempted. The personal income specified in the Notice includes comprehensive income from Nansha, Guangzhou (including wages and salaries, labor remuneration, manuscript remuneration and royalties), business income and talent subsidy income recognized by the local government. The implementation scope of the notice is the whole Nansha District of Guangzhou. The implementation period of this notice is from January 1, 2022 to December 31, 2026. (news agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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