Reduction of the Business Registration Levy
The Business Registration
Ordinance (Amendment of Schedule 2) Order 2022 (Order) was gazetted on 10 June
2022 and introduced into the Legislative Council on 15 June 2022.
The Order seeks to reduce the rate of the business registration levy, which
finances the Protection of Wages on Insolvency Fund (the Fund), from $250 per
annum to $150 per annum with effect from 17 June 2022. The new rate is applicable to (1) the
incorporation submissions in relation to simultaneous business registration
applications made on or after 17 June 2022 and (2) all other cases, if the commencement
date of business or branch registration certificates is on or after 17 June 2022.
Please click here to view the full text of the Business Registration Ordinance (Amendment of Schedule 2) Order 2022 published in the Government Gazette.
Please click here to view the Frequently Asked
Questions with Answers for the Business Registration Ordinance (Amendment of Schedule
2) Order 2022
in the Inland Revenue Department’s website.
Enquiry telephone of Labour Department : 2717 1771 (the hotline is handled by “1823”)