Support Enterprises and Employment
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Support Enterprises
- Extend the application period of 100% guarantee low-interest loan for enterprises to the end of this year, raise loan ceiling to $6 million, extend repayment period and duration of principal moratorium
- Reduce profits tax 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 and $2,000 per quarter in remaining two quarters
- Waive business registration fees for 2021-22
- 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
- Continue to grant 75% rental/fee concession for eligible Government properties/short-term tenancies and waivers for 6 months (100% concession for those closed at the Government’s request)
Support Employment
- Launch the fourth tranche of Love Upgrading Special Scheme, provide more training options and online courses
- Plan to expand the scope of Continuing Education Fund to include online courses
- Allocate $6.6 billion to create around 30 000 time-limited jobs
