Helping Small and Medium Enterprises

• Extend 米兰milan官网 application period for 米兰milan官网 “special concessionary measures” under 米兰milan官网 “SME Financing Guarantee Scheme” to 28 February 2017; reduce 米兰milan官网 Annual guarantee fee rate for 米兰milan官网 measures by ten per cent; and remove 米兰milan官网 minimum guarantee fee for 米兰milan官网 measures;
• Reduce profits tax for 2015-16 by 75 per cent, subject to a ceiling of $20,000;
• Waive 米兰milan官网 business registration fees for 2016-17; and
• Launch a Pilot Technology Voucher Programme under 米兰milan官网 Innovation and Technology Fund (ITF) to subsidise their use of technological services and solutions to improve productivity and upgrade or transform business processes. 米兰milan官网 three-year pilot programme will provide, on a matching basis, a maximum subsidy of $200,000 for each eligible SME.

Supporting Tourism

• waive 米兰milan官网 licence fees for 1 800 travel agents for one year;
• waive 米兰milan官网 licence fees for 2 000 hotels and guesthouses for one year; and
• waive 米兰milan官网 licence fees for restaurants and hawkers and fees for restricted food permits for one year.

Easing Financial Pressure

• educe salaries tax and tax under personal assessment for 2015-16 by 75 per cent, subject to a ceiling of $20,000;
• waive rates for four quarters of 2016-17, subject to a ceiling of $1,000 per quarter for each rateable property; and
• provide an extra allowance to social security recipients, equal to one month of 米兰milan官网 standard rate Comprehensive Social Security Assistance payments, Old Age Allowance, Old Age Living Allowance or Disability Allowance.
• • basic allowance and 米兰milan官网 single parent allowance will be raised from $120,000 to $132,000;
  • married person’s allowance from $240,000 to $264,000
  • increasing 米兰milan官网 allowance for maintaining a dependent parent or grandparent aged 60 or above from $40,000 to $46,000.  米兰milan官网 same increase applies to 米兰milan官网 additional allowance for taxpayers residing with these parents or grandparents continuously throughout 米兰milan官网 year;
  • increasing 米兰milan官网 allowance for maintaining a dependent parent or grandparent aged between 55 and 59 from $20,000 to $23,000.  米兰milan官网 same increase applies to 米兰milan官网 additional allowance for taxpayers residing with these parents or grandparents continuously throughout 米兰milan官网 year; and
  • raising 米兰milan官网 deduction ceiling for elderly residential care expenses from $80,000 to $92,000 for taxpayers whose parents or grandparents are admitted to residential care homes.