Maximum amounts of ex gratia payment items from Protection of Wages on Insolvency Fund to be raised

The Business Registration Ordinance (Amendment of Schedule 2) Order 2022 (Order) was gazetted on 10 June 2022 and was introduced into the Legislative Council.

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.
For those clients who subscribed our service of BR renewal, we will adopt the new fee schedule accordingly. For any overpayment (prepayment), we will follow up individually for the refund.

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