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Rating (Exemption) Order 2025 to be gazetted
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     The Rating (Exemption) Order 2025 will be gazetted on March 7 to implement the one-off rates concessions proposed in the 2025-26 Budget to relieve the financial burden of the general public.

     The Budget proposes to waive the rates for the first quarter of 2025-26, subject to a concession cap of $500 for each domestic and non-domestic tenement. The proposal will benefit about 3.55 million properties, reducing government revenue by about $1.7 billion.

     The Order will be tabled at the Legislative Council for negative vetting on March 19.
 
Ends/Wednesday, March 5, 2025
Issued at HKT 17:00
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