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Speedy Recovery

Attracting Tourists and Enlivening The City's Image

  • Over $250 million to be spent on mega events
  • About $300 million reserved for staging more mega events, international meetings, incentive travels, conventions and exhibitions in Hong Kong
  • Offer shopping and dining privileges to 1 million inbound visitors
  • $50 million for stepping up the promotion and branding of Hong Kong

Happy Hong Kong

  • Launch the “Happy Hong Kong” Campaign for the general public focusing on gourmet experiences, fun amusements and exciting ambience
  • Launch a “Gourmet Marketplace” comprising large-scale food fairs in various districts in Hong Kong
  • Organise a large scale sea-land carnival in summer with Victoria Harbour as the stage
  • West Kowloon Cultural District Authority, Disneyland, Ocean Park, Cyberport, Science Park, Jockey Club, etc. will each hold themed activities

Electronic Consumption Vouchers

  • Issue $5,000 electronic consumption vouchers to each eligible Hong Kong permanent resident and new arrival aged 18 or above in two instalments
  • Previously registered eligible persons: $3,000 consumption vouchers will be disbursed in April, remaining $2,000 vouchers will be disbursed in mid-year
  • New eligible persons: vouchers will be disbursed in mid-year in two instalments upon registration
  • Eligible persons who have come to live in Hong Kong through different admission schemes or to study in Hong Kong: $2,500 vouchers will be disbursed

Supporting Enterprises

  • Reduce profits tax for the assessment year 2022/23 by 100%, subject to a $6,000 ceiling
  • Provide rates concession for non-domestic properties for the first two quarters of 2023/24, subject to a ceiling of $1,000 per quarter
  • Grant 50% rental fee concession to eligible tenants of government premises and short-term tenancies and waivers for 6 months
  • Extend the application period of all guarantee products under the SME Financing Guarantee Scheme to March 2024
  • Offer fully guaranteed loans for eligible passenger transport operators and licensed travel agents. To be launched in April this year
  • Extend the Travel Agents Incentive Scheme to June 2023
  • Inject $30 million into the Information Technology Development Matching Fund Scheme for Travel Agents to encourage the tourism sector to undergo upgrade and transformation

Supporting the General Public

  • Reduce salaries tax and tax under personal assessment for the 2022/23 assessment year by 100%, subject to a $6,000 ceiling
  • Provide rates concession for domestic properties for the first two quarters of 2023/24, subject to a $1,000 ceiling per quarter
  • Provide an extra half-month allowance of standard CSSA payments, Old Age Allowance, Old Age Living Allowance or Disability Allowance. Similar arrangements will apply to Working Family Allowance
  • Extend the temporary special measures of the Public Transport Fare Subsidy Scheme for six months (to October 2023)
  • Pay examination fees for school candidates sitting for the 2024 HKDSE Examination
  • Grant each eligible residential electricity account a subsidy of $1,000
  • Extend the current arrangement of distributing electricity charges relief of $50 a month to each account to end 2025
  • From the 2023/24 assessment year, increase the basic child allowance and the additional child allowance for each child born during the year of assessment from $120,000 to $130,000

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