Rates Concession for the Financial Year 2020-21
The Financial Secretary announced in the 2020-21 Budget Speech, rates concession will be given to all ratepayers to offset the rates payable for four quarters from April 2020 to March 2021, subject to a ceiling of $1,500 per quarter for each domestic rateable tenement. For each non-domestic rateable tenement, the ceiling will be $5,000 per quarter for the first two quarters (April 2020 to September 2020) and $1,500 per quarter for the following two quarters (October 2020 to March 2021). No payment will be required for the quarter if the quarterly rates payable do not exceed the corresponding rates concession ceiling.
The concession does not apply to payment of Government rent.
26 February 2020