According to the Law no. $leiNo1$ – the Government Budget of Financial Year 2024, stated the following tax relief measures which are managed by the Financial Services Bureau:
Business Tax
Exemption of business registration tax. (View details) (Article 10)*
Land Rental
Exemption of land rental under MOP$100.00. (View details) (Article 27)*
Property Tax
Standard deduction of MOP$3,500.00 on property tax. If the taxpayer is two or more natural persons (individuals), its property tax can be similarly deducted the aforementioned amount if and only if one of them is a resident of Macao SAR. If the taxpayer is a legal person, individual commercial entrepreneur or non-resident of Macao SAR, it is not eligible for such deduction. (View details) (Article 21)*
The urban property tax rate for leased premises will be reduced to 8%. (View details) (Article 22)*
Profits Tax
Exemption allowance for profits tax assessment in 2023 is MOP$600,000.00. (View details) (Article 23)*
Companies, which have already registered as Group A taxpayer, will be able to deduct from their taxable revenues 300% of the first MOP3 million spent on technology innovation research and development activities, and 200% of any additional expenditure spent on the same activities, subject to a cap of MOP15 million. (View details) (Article 24)*
In 2024, the income obtained or generated in Portuguese-speaking countries shall be exempt from Profits Tax, when the relevant profits tax have been paid in that countries. (View details) (Article 25)*

Interest obtained through debt securities, which are issued in the MSAR, as well as income obtained from the purchase and sale, redemption or other availability, shall be exempt from the profits tax. (View details) (Article 25)*
Salaries Tax
30% exemption on salaries tax and the exemption allowance for its assessment in 2024 is MOP$144,000.00. In case of the following situation: employer should withhold tax from causal worker whose daily salary is over MOP$640.00 or employee whose monthly salary is over MOP$16,000.00. Please refer to the Simulation Calculation disposal in website of FSB. In addition, exemption allowance for part-time and employee who are aged 65 or above or with permanent disability level of or above 60%, is adjusted to MOP$198,000.00. (View details) (Article 19)*
60% of the Salaries Tax paid for the assessment year 2022 will be refunded to Salaries Taxpayers who hold a Macao Resident Identity Card on 31 December 2022, up to a ceiling of MOP$14,000.00. (View details) (Article 20)*
Stamp Duty
Exemption of stamp duty on insurance contracts and banking service charges. (View details) (Article 11)*
Exemption from stamp duty on auctions of property, rights of ownership in movable or immovable property. (View details) (Article 13)*
Exemption of stamp duty on all admissions or tickets of performance, exhibition or entertainment event. (View details) (Article 14)*
The issuance and acquisition of debt securities will be exempt from the applicable stamp duty. (View details) (Article 15)*
Exemption of stamp duty on putting up or placement of advertisements, signboards and publicity materials that were already exempted from the license fee by the Municipal Affairs Bureau. (View details) (Article 17)*
Stamp Duty (Conveyance of Property)
Exemption of stamp duty on the first MOP$3,000,000.00 of fixed asset value which is only applicable for Macao permanent adult residents, an application form “Confirmation of exemption from stamp duty” should be submitted and confirmed, this is not applicable to the taxpayers who have received such an exemption in previous years. When the immovable property is acquired by two or more taxpayers, of which only the eligible taxpayer is entitled to receive the tax exemption proportionally; moreover, as pursuant to the provision of the same article, if a married couple acquires a property and has chosen community-property, community-property of acquired assets or participation in acquired assets as the matrimonial property regime, and both the husband and wife are not the proprietor of any immovable property (with the exception of a single parking space), they are entitled to enjoy the relevant tax exemption. (View details) (Article 12)*
Tourism Tax
Exemption of tourism tax on the goods and services rendered by luxury, class 1 and class 2 restaurants indicated in Law no. 8/2021 – Operation of Hotel Establishments and Decree Law no. 16/96/M, of April 1st. The venues exempted from tourism tax are not required to submit an M/7. (View details) (Article 16)*
Last Updated:14/03/2024
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