Macau Tax Incentives
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Macau Tax Incentives
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Offshore Institution Tax Incentive
The offshore institution is exempted from all the following taxes: profit tax, industrial tax, and stamp duties. In addition, the offshore institution’s managers and specialised technicians (non-Macao residents), authorised to reside in Macao, are exempted from professional tax for the first three years of their employment at the offshore institution.
Tourism Industry Tax Incentive
Tourism incentives are related to the awarding of a “touristic utility” classification. The touristic utility of a project is assessed on its location, the level of facilities and services, management and promotion capacity, contribution to the training of staff as well as any other factors that may be considered as support to the development of tourism in Macao. Incentives are available to new projects and existing projects in respect of renovation work.
The offshore institution is exempted from all the following taxes: profit tax, industrial tax, and stamp duties. In addition, the offshore institution’s managers and specialised technicians (non-Macao residents), authorised to reside in Macao, are exempted from professional tax for the first three years of their employment at the offshore institution.
Tourism Industry Tax Incentive
Tourism incentives are related to the awarding of a “touristic utility” classification. The touristic utility of a project is assessed on its location, the level of facilities and services, management and promotion capacity, contribution to the training of staff as well as any other factors that may be considered as support to the development of tourism in Macao. Incentives are available to new projects and existing projects in respect of renovation work.
Projects that are classified as “touristic utility” shall benefit from tax exemptions and reductions as follows:
Exempted from property tax during the first eight operating years in Macao City or ten years in the Islands;
Exempted from industrial tax for a period equal to the property tax exemption;
Eligible for depreciation allowances at rates being double the maximum approved rates for a period equal to the property tax exemption; and
Reduction of stamp duty on property transfers and all facilities required for the project.
Manufacturing Tax Incentive
The following investments are entitled to a 50% reduction on profit tax rates, stamp duty on property transfers and are exempted from property tax and industrial tax:
Exempted from industrial tax for a period equal to the property tax exemption;
Eligible for depreciation allowances at rates being double the maximum approved rates for a period equal to the property tax exemption; and
Reduction of stamp duty on property transfers and all facilities required for the project.
Manufacturing Tax Incentive
The following investments are entitled to a 50% reduction on profit tax rates, stamp duty on property transfers and are exempted from property tax and industrial tax:
Investments which increase the export of non-quota restricted goods.
Investments which install high technology and new industries.
Investments which will be located in non-traditional industrial areas.
Investments which install high technology and new industries.
Investments which will be located in non-traditional industrial areas.
The Government Budget of Financial Year 2019, stated the following tax relief measures which are managed by the Financial Services Bureau:
Business Registration Tax
Exemption of business registration tax. ( since 2002 )
Land Rental
Exemption of land rental under MOP$100.00. ( since 2002 )
Property Tax
Standard deduction of MOP$3,500.00 on property tax. ( since 2008; From 2002 to 2007: MOP$500.00 )
Profits Tax
Exemption allowance for profits tax assessment is MOP$600,000.00. ( since 2014 )
Salaries Tax
30% exemption on salaries tax and the exemption allowance for its assessment is MOP$144,000.00. ( since 2011; From 2008 to 2010: MOP$120,00.00 )
Tourism Tax
Exemption of tourism tax on the services provided by restaurants. ( since 2019; From 2002 to 2018: Exemption of tourism tax on the services provided by luxury, class 1 and class 2 restaurants in group one classification indicated in article 6, and also on proprietary business activities provided by similar business in group one classification of group 1, 2 and 3 hotels indicated in article 5 of the Decree-Law no. 16/96/M. )
Stamp Duty
Exemption of stamp duty on insurance contracts and banking service charges. ( since 2005 )
Exemption of stamp duty on insurance contracts and banking service charges. ( since 2005 )
Exemption from stamp duty on auctions of products, goods and property, or movable or immovable property. ( since 2002 )
Exemption of stamp duty on all admissions of performance, exhibition or any kind of entertainment. ( since 2010 )
Exemption of stamp duty on putting up or placement of advertisements, signboards and publicity materials that were already exempted from the license fee. ( since 2008 )
Exemption of stamp duty on the first MOP$3,000,000.00 of fixed asset value which is only applicable for Macao permanent residents. ( since 2008 )
Exemption of stamp duty on the first MOP$3,000,000.00 of fixed asset value which is only applicable for Macao permanent residents. ( since 2008 )
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Tax items
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Mainland China （general application）
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Guangdong
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Hong Kong SAR
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Macau SAR
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Income Tax
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25%;
global tax, tax on capital gain
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25%
(Eligible enterprises in Qianhai and Hengqin are subject to 15%）
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Profit tax:
16.5% to legal entities; 15% to non legal entities; Tax by source of income; No tax on capital gain.
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Complimentary tax:
Tax free income of MOP600,000 and thereafter at a fixed rate of 12%; Tax by source of income; No tax on capital gain.
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Individual Tax
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Progressive rates 3%-45%
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3%-45%
(Eligible Hong Kong and Macau residents working in the nine cities in Peal River Delta will receive the tax subsidies from the Government)
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Salary Tax：
Progressive rates 2%-17%
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Professional tax：
Tax free income of MOP144,000 and therefore at progressive rates of 7%-12%; Income deduction 25%; Tax payment deduction 30%
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Dividend Tax
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Enterprises are only allowed to distribute dividends after paying income tax. On top of this, shareholders need to pay dividend tax.
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Enterprises are only allowed to distribute dividends after paying profit tax. However, there is no dividend tax to be paid by shareholders.
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Enterprises are allowed to distribute dividends before or after tax.
If enterprises distribute dividends after tax. There is no dividend tax on shareholders.
Alternatively, enterprises can choose to distribute dividends before tax, which means no income tax should be paid by enterprises. In this case, shareholders should pay Macau complimentary tax enjoying income tax exemption and tax rate of 12%, whether they are local or non-local shareholders.
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Turnover Tax
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VAT, Consumption tax
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None
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None except consumption tax on fuel and lubricants, tobacco and alcohol
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Stamp Duty
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Widely levied
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Limited, mainly on real estate and Hong Kong share transfers
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Limited, mainly on assets transfer
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Import & Export Tax
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Widely levied
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Limited
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Limited
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Gaming Tax
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None
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None
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Yes
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