The Financial Secretary proposed in his 2022-23 Budget to waive Business Registration fees for 1 year. The schedule is starting from 1st April, 2022.
In respect of business registration certificates and branch registration certificates that commence on 1st April 2022 but before 1st April 2023. The fees payable deducted by a sum of $2,000 and $73 respectively. Thus, take into account of the proposal, the Office has not demanded the registration fee for the above period in the renewal certificate and demand note for the business or branch. However, the levy for the Protection of Wages on Insolvency Fund remains payable.
Still, the proposal and subject to final approval from the Legislative Council. If the the Legislative amendment is not passed. The the office will sent notify the proper amount payable for the business or branch.
For further information, please contact us.
You may want to read: 2 YEARS WAIVER OF REGISTRATION FEES FOR ANNUAL RETURNS