The Rating (Exemption) Order 2026 will be gazetted on March 6 to implement the one-off rates concessions proposed in the 2026-27 Budget to relieve the financial burden on the people and enterprises.
      
     The Budget proposes to waive rates for the first and second quarters of 2026-27, subject to a concession cap of $500 per quarter for each domestic and non-domestic tenement. The proposal will benefit about 3.59 million properties, reducing government revenue by about $3.5 billion. 
      
     The Order will be tabled at the Legislative Council for negative vetting on March 18.

Ends/Wednesday, March 4, 2026
Issued at HKT 16:00

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