Deloitte Release:Hong Kong COVID-19 Relief Measures

Deloitte Release:Hong Kong COVID-19 Relief Measures

On 8 April 2020, the Government announced a HKD137.5 billion package of relief measures to help individuals and businesses tide over financial difficulties during the COVID-19 epidemic, including the introduction of an HKD80 billion Employment Support Scheme.  This is the 3rd round of relief in addition to the HKD120 billion package announced in the Budget and the HKD30 billion Anti-epidemic Fund.

Key Highlights

In terms of tax measures, deadline for payment of tax for year of assessment 2018/19 that will be falling due will be automatically extended for three months.  Details will be announced by the Inland Revenue Department.

Here is the report:

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