Hong Kong will issue vouchers worth HK$5,000 ($637) per person to all adults in 2023, half the amount issued in 2022.
, the city’s government announced in its budget on Wednesday, February 22.
“However, the economic recovery is still in its initial stage, and there is a need for our people and businesses to regain vigor.” Chan flagged tax rebates in salaries and profits taxes, capped at HK$6,000, lower than the caps set for the previous budget.Amid weakness in property prices that fell more than 15% last year, the government also announced it would adjust stamp duties for first-time local home buyers, with a “view to easing the burden on ordinary families.” Properties valued at HK$10 million and less will benefit.
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