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500,000 To Receive Tax Rebates In HK,
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, June 02, 2009
Hong Kong's Financial Secretary John Tsang has estimated that 500,000 tax payers
will receive rebate cheques in September, while 800,000 will not have to pay
tax for the year.
Speaking on a radio show Mr Tsang said he was confident the relief
measures announced recently will help people weather the economic downturn.
"We will finish evaluation in September and by then around 500,000 tax
payers will receive their rebate, while 800,000 will not have to pay tax for
the financial year," he said.
Tsang emphasized that no relief measures can cover everyone directly but those
like assisting small-and medium-sized enterprises getting loans from banks will
indirectly help 140,000 people keep their jobs.
"We will closely monitor the economy's development. We expect the deterioration
will slow down in the second half of the year. But if things worsen we will
consider carrying out more relief measures. With the ones we have already announced,
I am confident we will be able to help everyone get through the year,"
Mr Tsang concluded.
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