Government subsidies and special relief resources allocated to support employers, and workers, in their efforts to maintain employment and pull through the crisis.
The HKSAR Gov had announced a series of measures which include in particular an Employment Support Scheme to (i) subsidize employers who have been making mandatory provident fund (“MPF”) contributions for employees to avoid massive layoff in the labour market. Subject to a cap of HK$18,000, such subsidy is payable to employers and calculated based on 50 per cent of the corresponding employee’s monthly salary and shall be provided for a period of six months, subject to the employer’s undertaking to spend all the wage subsidies on paying wages to the employees and not to lay off; (ii) provide a one-off subsidy to self-employed persons who made MPF contributions; and (iii) support the unemployed by a temporary relaxation to the asset limits of the Comprehensive Social Security Assistance Scheme. Also, the HKSAR Gov had announced proposals on providing a one-off relief grant to sectors which have been identified to have been severely affected by COVID-19, including passenger transport and aviation. Additionally, the HKSAR Gov will extend for three months the deadline for payment of tax due in April to June 2020.