Supporting Enterprises

Rental Enforcement Moratorium for tenants of specific sectors through legislation

Prohibit landlords from terminating the tenancy of or not providing services to tenants of specified sectors for failing to settle rents on schedule, or taking relevant legal actions against them
Valid for three months, and be extended for another three months if necessary, with the legislation automatically lapsing after six months
Banks will exercise flexibility if the repayment ability of any landlord is affected owing to reduction in his rental income

Extend the application period to end June 2023
Increase the maximum loan amount to 27 months of employee wages and rents, with the loan ceiling raised to $9 million
Extend the maximum repayment period to 10 years
Offer the option of making partial repayment of principal over a longer period of time

Extend the Pre-approved Principal Payment Holiday Scheme to end October, offering enterprises the option of making partial repayment of principal over a longer period of time
Reduce profits tax for the year of assessment 2021/22 by 100%, subject to a ceiling of $10,000
Provide rates concession for non-domestic properties for 2022/23, subject to a ceiling of $5,000 per quarter in the first two quarters and a ceiling of $2,000 per quarter in the remaining two quarters
Waive the business registration fees for 2022/23
Continue to waive 75% of water and sewage charges payable by non-domestic households for eight months, subject to a monthly ceiling of $20,000 and $12,500 respectively
Extend the waivers/concessions of the existing 34 groups of government fees and charges for 12 months
Continue to grant the 75% rental/fee concession to eligible tenants of government premises/short-term tenancies and waivers for six months (100% concession for those closed at the Government’s request)
To strengthen support for export financing and export credit insurance