The 2022/23 Budget was announced last week and most of them that targeting individual and businesses are "old wine in old bottles". Some of them are helpful to individuals or businesses are as follow:
For individuals 1. 100,000 dollars per year tax exemption for residential rental expenses 2. Short-term unemployment benefits
For Businesses 1. 100% guaranteed corporate loans, extending the application deadline to the end of June 2023, and the upper limit has increased to 9 million dollars, or 27 times the sum of the employee's monthly salary and rent 2. Postponement of arrears rent recovery arrangements 3. New funding under the Epidemic Prevention Fund.
Details of the implementation method or plan are yet to be announced. The application process has always been complicated, and it is necessary to understand whether you are eligible to apply/declare.
If you want to know more about the above policy or apply for assistance, such as 100% guaranteed loan, subsidy under the epidemic prevention fund, etc., please contact our company, we can assist in the application process.
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