Source: Hong Kong Government special administrative region
Rating (Exemption) Order 2026 to be gazetted
The Budget proposes to waive rates for the first and second quarters of 2026-27, subject to a concession cap of $500 per quarter for each domestic and non-domestic tenement. The proposal will benefit about 3.59 million properties, reducing government revenue by about $3.5 billion.
The Order will be tabled at the Legislative Council for negative vetting on March 18.
Issued at HKT 16:00
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