With the implementation of new policies in 2023, people who want to settle in Shenzhen are required to meet certain tax requirements. To be eligible for the tax preferential treatment, an individual must have accumulated tax payments that meet or exceed a certain threshold in the past three years. These thresholds vary depending on the individual’s tax status.
First of all, an individual must meet at least one of the following criteria:
1. Be a legal representative or responsible person of an enterprise that has paid more than 3 million yuan in taxes in the past three years.
2. Be the owner of a personal sole proprietorship enterprise that has paid more than 600,000 yuan in taxes in the past three years, or a shareholder of a limited liability company who has paid more than 600,000 yuan in taxes in the same period in proportion to their investment share.
3. Be an individual business owner who has paid more than 300,000 yuan in taxes in the past three years.
4. Be a legally employed individual who has paid more than 240,000 yuan in personal income tax in Shenzhen.
In addition to tax requirements, there are other conditions that must be met. The applicant must be under 50 years old and have no record of participating in any prohibited organizations or activities. If the tax payments exceed the prescribed limit, the age limit may be raised to 55 years old.
If an applicant is currently working for a government or public institution, they must provide proof of permission to transfer their household registration. The application process takes from 1 to 2 months once all the required documents have been submitted.
Overall, to qualify for tax preferential treatment to settle in Shenzhen in 2023, individuals must meet strict tax requirements, as well as other criteria based on age and record of participation in prohibited activities. It is important to gather all necessary documents to ensure a smooth application process.