hong kong government subsidy 2020

Fri Oct 23 2020

Telephone hotline: 1836-122 The application number and password that applicants received when applying for the first tranche of subsidies are also applicable to the second tranche application. Applicants must provide true, complete and accurate information when making the applications, otherwise, the relevant applications may be rendered invalid, rejected and/or disqualified. The portal contains application instructions for employees participating in … “Self-employed persons (SEPs)”, who have an “MPF SEP account” created on or before 31 March 2020 (i.e. Persons who have received the one-off subsidy of $7,500 for self-employed persons in the first tranche of ESS. 3 June 2020 . The above penalty mechanism is also applicable to employers who have received wage subsidies in the first tranche of ESS. The employers who have received the first tranche of subsidy may choose the “specified month” again at the time of making applications for the second tranche of subsidy. The Government will only pay CLP the exact used amount of the 'credited subsidy on due day. You may submit documents by mailing to. The Employment Support Scheme Secretariat today published the list of the first batch of employers who have received wage The documents must clearly indicate the name(s) of the MPF trustee(s), the names of the MPF Scheme(s), and the scheme registration/participation number(s) of the employer. If applicants choose the same “specified month” as that of the first tranche in their application for the second tranche of subsides, they do not need to input ORSO Scheme related information or upload the documents again. The calculation is as below: Furthermore, if the total number of employees on the payroll (excluding those on no-pay leave) in any one month of the subsidy period of the second tranche is less than the “committed headcount of paid employees”, the employer will have to pay a penalty to the Government. (1) not implement redundancies during the subsidy period; and Furthermore, the Government will adopt a transparent approach to enable monitoring by members of the public and employees concerned. Since the last time you logged in our privacy statement has been updated. The application number and password that applicants received when applying for the first tranche of subsidies are also applicable to the second tranche application. Monthly public transport expense threshold of the Public Transport Fare Subsidy Scheme relaxed from HK$400 to HK$200 for six months between July 2020 and December 2020. Hong Kong led the world in adopting helicopter money. As an exceptional arrangement, an applicant did not hold a related valid licence on 14 February 2020 may apply for the subsidy, provided that: where an application for transfer of licence was made on or before 14 February 2020: the applicant is an approved transferee and the application for transfer was approved after 14 February 2020; AND It is expected that most eligible employers who have provided accurate and complete information will receive the wage subsidies in three to four weeks after application, which can subsidise their payment of employee’s wages from September to November 2020. For employers who are in breach of their undertakings during the first subsidy period (i.e. The maximum wage subsidy per employee is HK$9,000 per month. A one-off subsidy of $10,000 to each employed driver of tour service coach; A subsidy of $350 to employed cross-boundary goods vehicle drivers to conduct COVID-19 nucleic acid test in Hong Kong; One-off relief grant of $7,500 for each employed instructor, coach, trainer or operator of interests classes engaged by schools The subsidy for each Hong Kong employee will be capped at HKD 9,000. The Policy Innovation and Co-ordination Office has set up a review panel to monitor the progress of cases being handled, as well as to handle and review special cases. A "specified month" is a month between December 2019 and March 2020 as selected by the employer. It should be noted that self-employed persons who have received the one-off lump-sum subsidy in the first tranche of the scheme cannot make application again in the second tranche. Generally speaking, with the exception of ineligible employers (see below), employers who have been participating in MPF schemes (including Master Trust Schemes and Industry Schemes) are eligible to apply for wage subsidies in respect of the following categories of employees: employees aged 65 or above under the Master Trust Schemes and Industry Schemes. dedicated employees engaged by government outsourced service contractors/consultants to implement or deliver these contracts. If the amount of wage subsidy for any of the employees aged 65 or above calculated based wages or voluntary contributions on the employer’s MPF record certificate is below $5,000 per month, the employers may receive a wage subsidy of $5,000 for each of such employees per month. Applicants applying for the second tranche of wage subsidies are not allowed to change their bank account information in the online application form. The Government has commissioned the Hong Kong Trade Development Council to help implement the Scheme. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Applicants can type in the application number, password and mobile phone number of the contact person for the first tranche to logon to the application webpage to apply for the second tranche. Businesses or individuals who have already filed their tax returns can submit written notifications to the Hong Kong Inland Revenue Department (IRD) to amend the relevant information. Employers who have received subsidies in the first tranche of ESS, Employers who make a first-time application in the second tranche of ESS/ Employers who have not received wage subsidies in the first tranche. You will not receive KPMG subscription messages until you agree to the new policy. KPMG International provides no audit or other client services. Employment Support Scheme Help Desk has been closed starting from 28 November, 2020. To align with the government’s latest anti-epidemic measures, Employment Support Scheme Service We want to make sure you're kept up to date. The Hong Kong government has announced a new HK$80 billion subsidy package to help employers retain and pay staff members. The Hong Kong Government is now receiving applications for its Employment Support Scheme (“ESS”), which aims to subsidise eligible employers up to HK$9,000 per month for each employee. Subsidy to each eligible non-residential account holder to cover 75% of their monthly electricity charges for 8 months, subject to a cap of HK$5,000 per month ... New / enhanced measures announced by the Hong Kong Government on 8 April 2020. For details, please refer to the application website and the online application form. from June to August 2020) was substantial, and the employer concerned fails to prove to the satisfaction of the Secretariat its intention to employ persons to replace those being laid off and/or re-employ those who have been laid off, and/or there is no other reasonable explanations provided for the "redundancies made” by it; and. If information on the employment of employees aged 65 or above (but not their wages nor MPF contributions made for them by the employers) is shown on the employer’s MPF record certificate, the amount of wage subsidies will be calculated based on the number of such employees aged 65 or above engaged in the “specified month”, with a subsidy of $5,000 per employee per month. An MPF account opened in the capacity of an “employee” or a “personal MPF account” in any form is not eligible. A monthly subsidy of $160 for the first 11 months and $240 for the 12th month will be 'credited' to each registered residential tariff electricity account on the first day of each month from January 2020 to December 2020. Applications will be processed only upon completion of the online application procedures. From a tax return filing perspective, businesses or individuals who have previously included the subsidies received under the anti-epidemic fund as taxable income (now confirmed to be tax exempt) in their tax returns need to consider amending these tax returns. Although the ESS is encouraging news to the public in Hong Kong, details are yet to be published. Should an employer be found to have abused or violated the conditions of ESS, the employees concerned or members of the public may report to the relevant authorities. Eligible holders of food licence are receiving a one-off grant of $80,000 or $200,000 each. Applicants should check if all the information therein is correct. The HK$24 billion package will enhance the city's anti-epidemic capabilities and assist industries and individuals hard-hit by COVID-19. • Waive 75% water and sewage charges for non-domestic accounts for 12 months till November 2020. For employers who have received the first tranche of subsidies and participate in the second tranche, the Government reserves the right to reject an employer's application for the second tranche of wage subsidies if the Secretariat considers that the magnitude of “redundancies made” by the employer in its company/organisation during the subsidy period of the first tranche (i.e. If applicants choose the same “specified month” as that of the first tranche in their application for the second tranche of subsides, they do not need to input the MPF scheme related information or upload the documents again. Hong Kong Budget 2020: HK$10,000 cash handouts for all adult permanent residents among raft of relief measures by Jennifer Creery 14:00, 26 February 2020 00:04, 1 April 2020 Print Such measures have taken the form of direct subsidies for both employers and employees, individuals and bodies corporate. The employees covered in the relevant application should have become members of the relevant ORSO schemes, The Hong Kong Special Administrative Region (HKSAR) Government, the Legislative Council of the HKSAR, the Judiciary of the HKSAR, The Liaison Office of the Central People’s Government in the HKSAR, the Office for Safeguarding National Security of the Central People’s Government in the HKSAR, the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR, the Hong Kong Garrison of the Chinese People’s Liberation Army, Offices of other governments and international organisations, Specified statutory bodies and corporations, Specified public organisations, government-owned companies or subvented organisations. (the name of the applicant must tally with the information on the Business Registration Certificates or the registration information of other organisations, except for natural person), Name(s) of all MPF Scheme(s) participated under the name of the applicant since 1 December 2019, the employer’s registration / participation number(s), and name(s) of the MPF trustee(s) (the name of the applicant must tally with the record of the MPF trustee(s)), The “specified month” for the calculation of wage subsidies, Information of the Hong Kong bank account for receiving wage subsidies (including name of bank, name of bank account holder and bank account number) (the applicant’s name must be the same as that of the bank account holder), Name, e-mail address and mobile phone number of the representative authorised by the applicant for submitting the application, Scanned copies of the applicant’s bank account number of the applicant and bank statement/ passbook/ cheque book for receiving wage subsidies (the applicant’s name must be the same as that of the bank account holder), Scanned copies of any documents (e.g. Freelancers who provide school bus services as school bus drivers, school private light bus drivers and escorts (commonly known as “nannies”) and have applied for the subsidy under the “School Bus Service Providers Subsidy Scheme” of the Education Bureau, Freelancers who are tour service coach drivers and have applied for the subsidy under “Tour Service Coach Drivers (Mainly Serving Tourists) Support Scheme” of Tourism Commission. Employers who have set up MPF-exempted ORSO schemes, Subsidies received for a particular month ($), Headcount reduction percentage for a particular month (%), For further enquiries, please email us at, Subsidies to be clawed back by the Government ($), © The Government of the Hong Kong Special Administrative You will not continue to receive KPMG subscriptions until you accept the changes. All requirements under the ESS are subject to the terms and conditions of the scheme. The Hong Kong Government has issued further clarifications on its relief measures today, 16 April 2020, contained in a report titled "HKSAR Government's package of measures to support individuals and businesses affected by COVID-19" ().Of the many subsidies introduced, only two specific subsidies (as reported previously) have a requirement on employers to undertake not to implement redundancies. A monthly subsidy of $160 for the first 11 months and $240 for the 12th month will be 'credited' to each registered residential tariff electricity account on the first day of each month from January 2020 to December 2020. In light of the COVID-19 public health crisis, the Government of Hong Kong has taken historic measures to restore confidence and liquidity to the economy. The second tranche of subsidies will be disbursed in September 2020. Beneficiaries of the assistance granted will be exempt from profits tax and salaries tax unless “the sums are paid for general business activities and are not paid in a matching arrangement.” Most of the key supports for businesses (such as the employment support scheme) are covered by the tax exemption. On 24 February 2021, the Finance Secretary Paul Chan delivered the 2021-22 Budget which highlighted upcoming government initiatives to promote the establishment of and re-domiciliation of offshore funds to Hong Kong using the Hong Kong open-ended fund company structure (OFC).A subsidy of up to HK$1 million per OFC will be provided by the Hong Kong Government … Applicants applying for the second tranche of wage subsidies are not allowed to change their bank account information in the online application form. The HKSAR Government has launched the “Employment Support Scheme” (ESS) under the second round of the “Anti-epidemic Fund” to provide time-limited financial support to employers to retain employees who may otherwise be made redundant. 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