September 2021

Update on Special Deduction for Reduction of Rental of Business Premises Offered to SME and Non-SME Tenants

In the recent economic stimulus packages announced by the Government since the COVID-19 outbreak, it was proposed that a special deduction be given to landlords offering reduction of rental of business premises of not less than 30% of the rate of monthly rental to tenants who are small and medium enterprises ["SME"] for the period from April 2020 to December 2021.