China Tax & Investment Express Issue No. 2023045 - Zhaoqing Measures for Guangdong-Hong Kong-Macau Greater Bay Area Subsidies for Individual Income Tax

China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).

Matters covered in this issue include: Administrative Measures of Zhaoqing for the Financial Subsidy under the Preferential Individual Income Tax (IIT) Policy in Guangdong-Hong Kong-Macau Greater Bay Area (GBA); Application guidelines of Zhaoqing on the 2023 financial subsidy for the preferential IIT policy in the GBA; Notice regarding improving financial measures to support the development of private economy; Notice issued by the Administrative Committee of Beijing Economic-Technological Development Area regarding the “Measures for Further Promoting the High-quality Development of Specialized and High and New Technology Enterprises”; Public notice issued by the General Office of Shanghai Municipal People's Congress regarding public opinions consultation on the “Regulations on Building Shanghai into an International Trade Center (Revised Draft)”.

Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.

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