June 7 2024

China, Filing Guide for Preferential Individual Income Tax for Macau Residents in the Hengqin Guangdong-Macau In-depth Cooperation Zone

In accordance with Circular Caishui [2022] No. 3, effective from 1 January 2021 until 31 December 2025, individuals working in the Hengqin Guangdong-Macau In-depth Cooperation Zone (“Hengqin Zone”) who meet eligibility criteria are entitled to preferential IIT treatments. These measures aim to attract skilled talent to the region and support the economic integration of Macau and the Hengqin Zone.

On 7 June 2024, the tax authority of the Hengqin zone issued the 2023 Filing Guide for Macau residents preferential IIT treatments in the Hengqin Zone to assist eligible taxpayers in understanding and applying for these benefits.

2023 Filing Guide:https://guangdong.chinatax.gov.cn/gdsw/zhhqsw_tzgg/2024-06/07/content_929eb312769e429f8d86b5d82ab3c2d7.shtml