米兰milan官网 2020-2021 Budget has been published today. Other than 米兰milan官网 most concerned HK$10,000 cash allowance, a series of relief measures to “Support Enterprises and Safeguard Jobs” are worthwhile for all enterprises to note, including:

1.      introducing a concessionary low-interest loan under 米兰milan官网 SME Financing Guarantee Scheme, under which 100% guarantee will be provided by 米兰milan官网 Government.  米兰milan官网 application period will last for six months;

2.      reducing profits tax for 米兰milan官网 year of assessment 2019/20 by 100 per cent, subject to a ceiling of $20,000;

3.      waiving rates for non-domestic properties for four quarters of 2020-21, subject to a ceiling of $5,000 per quarter in 米兰milan官网 first two quarters and a ceiling of $1,500 per quarter in 米兰milan官网 remaining two quarters for each rateable non-domestic property;

4.      waiving 米兰milan官网 business registration fees for 2020-21;

5.      waiving 米兰milan官网 registration fees for all annual returns (except for late delivery) for two years;

6.      providing a subsidy to each eligible non-domestic household accounts for four extra months to cover 75 per cent of their monthly billed electricity charges, subject to a monthly cap of $5,000 per account;

7.      waiving 75 per cent of water and sewage chargespayable bynon-domestic households for four extra months, subject to a monthly cap of $20,000 and $12,500 respectively per household;

8.      providing a new round of rental subsidy for six months to local recycling enterprises;

9.      reducing rental by 50 per cent for another six months for eligible tenants of government properties, government land and EcoPark;

10.    reducing rental and fees by 50 per cent for another six months  for eligible operators of properties covered by short-term waivers;

11.    providing hirers of civic centres under 米兰milan官网 Leisure and Cultural Services Department (LCSD) with a 50 per cent reduction of hire charges for another six months; and

12.    offering another six months of fees and rent reductionforcruise lines and existing tenants of 米兰milan官网 Cruise Terminal.