The HKSAR Government has released additional information on the Employment Support Scheme (ESS), which includes scheme details and responses to frequently asked questions. Eligible employers may from 25 May to 14 June 2020, apply for the first tranche of wage subsidies intended to support June to August wages.
Employers should consider details and guidance provided by the Government on the ESS, eligibility to apply for the subsidies, and whether to seek Government support. We have prepared a summary of the requirements and key considerations for businesses when evaluating whether to apply and the implications of doing so, based on the details released by the Government on 19 May 2020.
If you require assistance with the ESS such as determining eligibility, understanding the requirements, modelling the financial impact, or determining the implications on head count requirements, please contact any member of our team.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of theparticular situation.
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