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    • What’s On

      What’s On: New Restaurant & Bar Openings In Hong Kong

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      What’s On: What’s In Movie Theatres This Month?

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    • Eat & Drink
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      44 Best Weekend Brunches With Free-Flow Options To Try In Hong Kong

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      6 Hong Kong Restaurants Named Among Asia’s 50 Best Restaurants 2022

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      Restaurant Review – Modern Chinese Vegetarian at Miss Lee

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      Restaurant Review: Middle Eastern Brunch at FRANCIS, Wan Chai

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      Restaurant Review: Hue, Modern Australian with Harbour Views

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      10 Filipino Dishes You Must Try When In The Philippines

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      Sugar & Salt: 27 Best High Teas To Try in Hong Kong

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    • Lifestyle
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      10 Local Businesses Offering Inspired Mother’s Day Gifts

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      Comprehensive Guide To Hong Kong’s Supermarkets, Grocery Stores & Speciality Food Stores

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    • News
      1. Covid Pandemic
      2. Local News
      3. View All

      Hong Kong Doctors Can Issue Mandatory PCR Test Orders For The Next 2 Weeks

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      Stage 3 Relaxation Confirmed For End-June; May Be Moved Earlier Depending On Stage 2

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      2022-05-05

      Bars Reopen & Restaurant Hours Extended Starting May 19; Beaches, Pools Resume Service On May 5

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      Hong Kong Doctors Can Issue Mandatory PCR Test Orders For The Next 2 Weeks

      2022-05-16

      Stage 3 Relaxation Confirmed For End-June; May Be Moved Earlier Depending On Stage 2

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      Visitors Who Got Vaxxed Or Recovered Overseas To Receive ‘Provisional Vaccine Pass’ Valid For 6 Months

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      Bars Reopen & Restaurant Hours Extended Starting May 19; Beaches, Pools Resume Service On May 5

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    • Family
      1. Activities
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      What’s On : The Best Family-Friendly Events This Month

      2021-12-30

      Hong Kong Disneyland Fireworks To Resume Next Year

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      Water World Ocean Park Opens Doors on 21 September

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      Hong Kong To Introduce New Measures To Prevent Cruelty To Animals, May Require Cats To Be Microchipped

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    • Culture

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    • Wellness
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    The HK HUB
    Home»News»New Round of Digital Consumption Vouchers Totalling HK$10,000 & More Perks For SMEs Announced
    News

    New Round of Digital Consumption Vouchers Totalling HK$10,000 & More Perks For SMEs Announced

    Danielle LamBy Danielle Lam2022-02-23No Comments3 Mins Read
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    inside times square shopping centre hong kong

    A new round of consumption vouchers amounting to HK$10,000, double the amount of last year’s scheme, will be given to Hong Kong permanent residents and new arrivals to the city aged 18 and over, Financial Secretary Paul Chan announced in the 2022 Budget address on Wednesday. Chan also announced a series of one-off measures to support small businesses and individuals affected by the fifth wave, which has seen 50,000 new infections since it began in December.

    Content of this article hide
    How the consumption vouchers will work
    Other financial perks

    An estimated 6.6 million people will benefit from the scheme, which will cost the government HK$66.4 billion. Domestic workers will not be eligible to receive the stimulus money.

    As with last year’s consumption voucher scheme, the money will be limited to use for leisure spending, unconvertible to cash to be used for government bill payments or investments.

    How the consumption vouchers will work

    sign outside jewellery store encouraging shoppers to use digital consumption vouchers
    Hong Kong jewellery store encourages use of consumption vouchers (© LIOUAMCOC 600 via Wikimedia Commons, CC BY-SA 4.0)

    The HK$10,000 will be distributed in two instalments. The first, in April, will be given to the over 6.3 million applicants of the first round, whose registration details have been stored. The second instalment will be given to previous applicants and new applicants mid-year.

    Some new electronic wallet platforms may be used. If you wish to use to receive the money through the same platform as last time, you do not need to register again. However, if you want to receive it through a new platform, you will have to. More details will be announced on this process.

    People who want to receive the vouchers on their Octopus cards will receive the money in instalments of HK$4,000 and then HK$1,000 due to the system’s maximum storage limit.

    Other financial perks

    Chan also announced a series of measures to support individuals as well as small and medium enterprises affected by the epidemic, which include:

    • A residential electricity bill subsidy of HK$1,000
    • Covering examination fees for HKDSE takers
    • Transport subsidy scheme threshold decreased from HK$400 to HK$200, so commuters will receive one-third of public transport expenses over HK$200 back
    • Salaries tax and tax under personal assessment reduced by 100%, to a ceiling of HK$10,000
    • Allowance of half month of standard rate for social security recipients
    • Three-year program which will provide subsidies for schools to purchase computers and portable wi-fi devices to loan underprivileged students
    • Waiving business registration fees
    • Continuation of 75% rental concession for tenants of government premises and short-term tenancies

    Header image credits: Andrey Khrobostov via Canva

    5/5 - (6 votes)
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    Danielle Lam

    Born in Canada, Danielle is deep diving into the things that make Hong Kong a city of intermingling identities, and bridging the information gap as someone trying to navigate the city herself as a cultural inbetweener. Sometimes this means examining culture and local people’s stories, and other times it means drinking all the milk tea and doing walking explorations of peripheral districts.

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