Relieve People's Burden Support enterprises
Relieve People's Burden
- Reduce salaries tax and tax under personal assessment for Year of Assessment 2018-19 by 75％ subject to a ceiling of $20,000
- Reduce profits tax for Year of Assessment 2018-19 by 75％, subject to a ceiling of $20,000
- Waive rates for 4 quarters of 2019-20, subject to a ceiling of $1,500 per quarter for each rateable property
- Provide an extra 1month allowance to recipients of CSSA, Old Age Allowance, Old Age Living Allowance or Disability Allowance; similar arrangements will apply to Working Family Allowance and Work Incentive Transport Subsidy
- Provide a one-off additional $1,000 worth of Elderly Health Care Vouchers, and increase the accumulation limit of vouchers to $8,000
- Provide a one-off grant of $2,500 to each student in need
- Pay the examination fees for school candidates sitting for the 2020 Hong Kong DSE Examination
Support enterprises
- Waive the business registration fees for 2019-20
- Regularise the Technology Voucher Programme and double the funding ceiling for enterprises to $400,000
- Inject $1 billion into the Dedicated Fund on Branding, Upgrading and Domestic Sales, extend its geographical scope and increase the funding ceiling for enterprises
- Extend the application period of the special concessionary measures under the SME Financing Guarantee Scheme to end June 2020
- Expand the networks of Free Trade Agreement, Investment Promotion and Protection Agreement, and Comprehensive Avoidance of Double Taxation Agreement
- Expand the Economic and Trade Office network to strengthen external promotion and assist Hong Kong enterprises in exploring new business opportunities
