signboard tax and tourism tax for res-tion. Enterprises can also use this to pro- taurants, and the housing tax for all non-mote their products and services, a total of rental flats are exempted. The housing tax27 business organisations and enterprises of rental flats is reduced by 50%. Annualhave participated in the scheme by the end deductibles for supplementary income taxof October. Functions of the MBSC have will be raised from MOP32,000 to MOPalso been enhanced. 200,000. Annual deductibles for profes- The revised SME Aid Scheme will ben- sional tax will be raised from MOP95,000efit more local businesses, as a result, more to MOP120,000. Macao Permanent resi-enterprises have applied for assistance. By dents owning no property (includingthe end of October there were 336 applica- business and residential property) will en-tions, 375 approvals involving MOP83.4 joy exemption of stamp duty on propertymillion. In the first ten months of 2007, transfer for transactions valued up to MOP3there were 3 and 1 applications approved million (limited to residental property andunder SME Credit Guarantee Scheme and parking space). Licence fees for multipleSME Credit Guarantee Scheme Designated wireless services will also be reduced or ex-for Special Projects respectively involving empted. 23