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The HKSAR 2015-16 Budget - Highlights of SMEs support and tax measures

The Year 2015-16 Budget has announced several proposals to support Small and Medium Enterprises and several tax measures, details as follow:

  1. Mortgage Corporation to expand and enhance the Microfinance Scheme
  2. Issue iBond worth up to $10 billion
  3. Expand the scope of the SME Export Marketing Fund
  4. Extend the application period for the special concessionary measures under the SME Financing Guarantee Scheme to 29 February 2016
  5. Increase child allowances to $100,000
  6. Reduce profits tax for 2014-15 by 75 per cent, subject to a ceiling of $20,000
  7. Reduce salaries tax and tax under personal assessment for 2014-15 by 75 per cent, subject to a ceiling of $20,000

As a helpful team to support you and your company, Wingate will always keep you updated with relevant Government announcements. We aim at providing you with the most professional service. If you would like more detailed information, please contact us at +852 2830 9999.

ded, please do not hesitate to contact us at +852 2830 9999.

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