#Chinese Legal Service #Chinese Lawyer #PRC lawyer #PRC Legal Service
In order to implement the requirements of Cai Shui [2023] No. 34 and Guangdong Cai Shui [2023] No. 21, the Shenzhen Municipal Bureau of Finance (SZBF) is openly soliciting opinions on the “Measures for Implementing Fiscal Subsidies for Individual Income Tax Preferences in Guangdong, Hong Kong and Macao Bay Area (Draft for Opinion)”.
The Exposure Draft is divided into five chapters and 25 articles, including General Provisions, Scope of Subsidy, Subsidy Procedures, Supervision and Management, and Supplementary Provisions. The Exposure Draft emphasizes that applicants and applicant units should truthfully provide application materials and be responsible for the completeness, authenticity and accuracy of the application materials. Applicants with fraudulent behavior, the cancellation of its eligibility to apply for five years will no longer accept the applicant’s application for personal income tax subsidies; has obtained personal income tax subsidies to be recovered; suspected of committing a crime, transferred to the judicial organs to investigate criminal responsibility. The applicant and the applicant organization shall accept the inspection and supervision of the financial subsidy funds for individual income tax by the departments of finance, human resources security, science and technology innovation, and taxation in accordance with the undertaking.
Guangdong-Hong Kong-Macao Greater Bay Area – Mainland Policies and Measures 20240515
China’s GBA IIT Subsidy for Foreign Talents Kickstarted in Shenzhen 2024 (china-briefing.com)