Helping Small and Medium Enterprises

• Extend 米兰milan application period for 米兰milan “special concessionary measures” under 米兰milan “SME Financing Guarantee Scheme” to 28 February 2017; reduce 米兰milan Annual guarantee fee rate for 米兰milan measures by ten per cent; and remove 米兰milan minimum guarantee fee for 米兰milan measures;
• Reduce profits tax for 2015-16 by 75 per cent, subject to a ceiling of $20,000;
• Waive 米兰milan business registration fees for 2016-17; and
• Launch a Pilot Technology Voucher Programme under 米兰milan 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 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 licence fees for 1 800 travel agents for one year;
• waive 米兰milan licence fees for 2 000 hotels and guesthouses for one year; and
• waive 米兰milan 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 standard rate Comprehensive Social Security Assistance payments, Old Age Allowance, Old Age Living Allowance or Disability Allowance.
• • basic allowance and 米兰milan 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 allowance for maintaining a dependent parent or grandparent aged 60 or above from $40,000 to $46,000.  米兰milan same increase applies to 米兰milan additional allowance for taxpayers residing with these parents or grandparents continuously throughout 米兰milan year;
  • increasing 米兰milan allowance for maintaining a dependent parent or grandparent aged between 55 and 59 from $20,000 to $23,000.  米兰milan same increase applies to 米兰milan additional allowance for taxpayers residing with these parents or grandparents continuously throughout 米兰milan year; and
  • raising 米兰milan 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.