Relieving People’s Hardship

Electronic Consumption Vouchers

Issue $10,000 electronic consumption vouchers to each eligible Hong Kong permanent resident and new arrival aged 18 or above

Previously registered persons: $5,000 consumption vouchers will be issued in April, remaining $5,000 vouchers will be issued in mid-year by instalment

Newly eligible persons: after successful registration, $10,000 vouchers will be issued in mid-year by instalment

Tax Deduction for domestic rental expenses

Ease the burden of renting a private property on taxpayers liable to salaries tax and tax under personal assessment who are not owners of domestic properties

Subject to a deduction ceiling of $100,000 for a year of assessment from the year of assessment 2022/23

100% Personal Loan Guarantee Scheme for Individuals

Extend the application period to end April 2023

Increase the maximum loan amount to nine times of the applicant’s average monthly income during employment, and raise the ceiling to $100,000

Extend the maximum repayment period to 10 years, and the maximum duration of principal moratorium to 18 months

Lower the threshold for the Public Transport Fare Subsidy Scheme to $200 for half a year (May to October).

Reduce salaries tax and tax under personal assessment for the year of assessment 2021/22 by 100%, subject to a ceiling of $10,000.

Provide rates concession for domestic properties for 2022/23, subject to a ceiling of $1,500 per quarter in the first two quarters and a ceiling of $1,000 per quarter in the remaining two quarters.

Grant each eligible residential electricity account a subsidy of $1,000.

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.

Pay examination fees for school candidates sitting for the 2023 HKDSE Examination.

Strengthen support for e-learning of students from grassroots families through the $2 billion set aside in the Quality Education Fund.

Create 30 000 time-limited jobs through the $6.6 billion earmarked in Anti-epidemic Fund.

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

Special 100% Loan Guarantee for Enterprises

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

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