Individuals or legal entities engaging in business activities of an industrial or commercial nature in the Macao SAR, under a business establishment and not subject to salaries tax, is required to register and pay business tax.
Business tax is calculated and levied based on the taxpayer's declared business activities. According to the “General Table of Business Activities” in the Business Tax Regulations, a fixed tax amount is determined by industry classification. Generally, each industry is taxed at an annual rate of MOP 300, while commercial banks are taxed at MOP 80,000 per year. An additional 5% stamp duty on payment voucher is also levied.
Responsibilities and Obligations
Responsibilities and Obligations of Business Taxpayers:
- Declaration for Commencement of Business - Taxpayers must submit the “Business Tax Form - New Registration/Amendment” (Form M/1) in duplicate to the bureau at least 30 days prior to the anticipated commencement date of the business (link).
- Change of Information – Taxpayers are required to report the following changes within 15 days of the event by submitting the “Business Tax Form - New Registration/Amendment” (Form M/1) in duplicate to the Bureau (link).
- Change of taxpayer's name or address;
- Change of business establishment’s name or address;
- Commencement of previously unregistered business activities;
- Partial or complete cessation of registered business activities;
- Completion of renovation or expansion of business establishment’s facilities.
- Declaration for Business Closure - If any business establishment or all business establishments cease operations, the closure must be reported within 15 days from the date of occurrence. This shall be done by submitting the“Business Tax Form - New Registration/Amendment” (Form M/1) in duplicate to the Bureau. The declaration should be accompanied by the “Profits Tax - Incomes Declaration” (Form M/1) and the “Salaries Tax - Employee or Casual Worker List” (Form M3/M4) (link).
- Penalties for Violations of Relevant Regulations (link to legal provisions).
