According to the Law no. $leiNo$ – the Government Budget of Financial Year 2017, stated the following tax relief measures which are managed by the Financial Services Bureau:
Business Registration Tax
Waiver of business registration tax.
Land Rental
Exemption of land rental under MOP$100.00.
Property Tax
Standard deduction of MOP$3,500.00 on property tax. If the tax subject is of two or more natural persons (individuals), its property tax can be similarly deducted the aforementioned amount if and only if one of them is permanent resident of Macao SAR. If the tax subject is legal person, individual commercial entrepreneur or non-resident of Macao SAR, it is not eligible for such deduction.
Profits Tax
Exemption allowance for profits tax assessment in 2016 is MOP$600,000.00.
Salaries Tax
30% wavier on salaries tax and the exemption allowance for its assessment in 2017 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.
60% of the Salaries Tax paid for the assessment year 2015 will be refunded to Salaries Taxpayers who hold a Macao Resident Identity Card on 31 December 2015, up to a ceiling of MOP$12,000.00.
Stamp Duty
Exemption of stamp duty on insurance contracts and banking service charges.
Exemption of stamp duty on all admissions of performance, exhibition or any kind of entertainment.
Exemption of stamp duty on putting up or placement of advertisements, signboards and publicity materials.
Stamp Duty (Conveyance of Property)
Waiver of stamp duty on the first MOP$3,000,000.00 of fixed asset value which is only applicable for Macao permanent residents, an application form “Confirmation of exemption from stamp duty” should be submitted prior to signing any sale and purchase contract; however, this is not applicable to the taxpayers who have enjoyed 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 enjoy the tax exemption proportionally; moreover, as pursuant to the provision of the same article, if the acquirer of the immovable property is a couple, and either of the two is not the proprietor of the immovable property as indicated, the acquirer is entitled to enjoy the relevant tax exemption.
Tourism Tax
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.
Last Updated:06/01/2017
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