Budget at a Glance –
Policies to Support Enterprises
• Inject $1.5 billion into the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD), increase funding ceiling per enterprise to $6 million and extend its geographical coverage in phases
• Allocate $375 million to Hong Kong Trade Development Council (HKTDC) to enhance its capability to organise online activities and to proceed with digitalisation
• Extend the application period of 100% guarantee low-interest loan for enterprises to the end of this year, raise loan ceiling to $6 million
• Issue $5,000 electronic consumption vouchers in instalments to each eligible Hong Kong permanent resident and new arrival aged 18 or above to facilitate and stimulate local consumption
• Waive business registration fees for 2021-22
• Reduce profits tax of enterprises for 2020-21 assessment year by 100%, subject to a $10,000 ceiling
• Provide rates concession for non-domestic properties in 2021-22, subject to a ceiling of $5,000 per quarter in first two quarters
• Continue to waive 75% of water and sewage charges of non-domestic households for 8 months, subject to a monthly ceiling of $20,000 and $12,500 respectively |
