Posted inHong Kong

Hong Kong Budget 2021: Social welfare handouts cut, but HK$10k tax breaks and new loan scheme for the unemployed

Hong Kong’s finance chief on Wednesday announced a loan scheme for the unemployed and tax breaks of up to HK$10,000 to alleviate hardship in the wake of the Covid-19 pandemic, but social welfare handouts were reduced in the 2021-22 budget compared to the previous year. Financial Secretary Paul Chan, announcing the measures at the legislature, […]