Important
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In view of the stabilizing coronavirus situation in Hong Kong, the Hong Kong Institute of Certified Public Accountants announced resumption of the library facilities and normal services hours of counter on the 27th floor with effect from 4 May 2020 (Monday).

 

For the latest advice, guidance and other updates, from the Institute, regulators and other bodies, please visit our regularly-updated COVID-19 – CPA Information Centre webpage.

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Government relief measures: Useful information for accountants

The COVID-19 pandemic is causing significant disruption. To help mitigate the effects, the government has introduced more than 70 measures since February to enhance Hong Kong’s capability in combating the pandemic, and provide relief to various sectors of the economy and residents.

The measures in the first round of the Anti-epidemic Fund (AEF) are worth HK$30 billion and are currently being disbursed or are open for applications. The 2020-21 Budget, pending approval by the Legislative Council, included HK$130 billion of support measures for the economy and residents, including schemes for tourism, retail and the hospitality industries and low income households. Finally, the second round of the AEF was announced on 8 April with a further HK$137.5 billion of relief measures, including an HK$80 billion Employment Support Scheme (ESS) to help employers retain employees and avoid redundancies.
 
To inform members about the relief measures, this webpage contains useful information and links about some of the measures most relevant to accountants. The relief measures' details of the first round and second round of the AEF can also be found.

 

Anti-epidemic Fund relief measures 

        Pre-approved Principal Payment Holiday Scheme  Encouraging Deployment of 5G    Deferment of salaries tax, personal assessment and profits tax  Grace period of premium payments

 

2020/21 budget relief measures

Cash payout scheme  Rates waiver  Business registration fees waiver  Profits tax waiver  Annual returns fee waiver  Electricity fees waiver

 

 

Supplementary information

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