reduction of rates meaning in English

降低税率

In consideration of the current economic difficulties , the financial secretary announced a series of relief measures , including reduction of rates payable in 2002 ; reducing water and sewage charges and trade effluent surcharge ; waiving business registration fee for one year ; extending duty concession for ultra low sulphur diesel ; and freezing government fees and charges
财政司司长提出纾解民困的措施，包括宽免二零零二年度应缴差饷宽免水费排污费和工业污水附加费免收商业登记证费用一年延续超低硫柴油的税务优惠和冻结政府收费。