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Rates Concession for the Financial Year 2021-22

The Financial Secretary announced in the 2021-22 Budget Speech, rates concession will be given to all ratepayers to offset the rates payable for four quarters from April 2021 to March 2022. For each domestic rateable tenement, the ceiling will be $1,500 per quarter for the first two quarters (April 2021 to September 2021) and $1,000 per quarter for the following two quarters (October 2021 to March 2022). For each non-domestic rateable tenement, the ceiling will be $5,000 per quarter for the first two quarters (April 2021 to September 2021) and $2,000 per quarter for the following two quarters (October 2021 to March 2022). 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.

Rates Concession for the Financial Year 2007-2008 to 2021-2022



24 February 2021
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