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ProMacau Registered Accountants & Associates
Basic Tax Responsibilities
Business Tax
Any natural or legal person carrying on any activity of an industrial or commercial nature.
All self-financing economic activities that are not regulated by salaries tax are regarded as activities of an industrial and commercial nature.
Complementary Tax (Net Profit Tax)
The total income obtained by an individual or group in Macao regardless of where their domicile or head office is located.
Taxpayers are divided into Group A and Group B:
Group A taxpayers:
The consolidated balance sheet, the profit and loss statement for the year must be prepared and taxed by an accountant in accordance with the requirements of the current accounting standards.
Group B taxpayers:
There should be a register of purchases and sales, a register of labor services, and a register of retail sales.
Salaries Tax
Subject to work income
Employers deduct an equivalent amount of salaries tax from the salary of employees or casual workers each month.
Property Tax
The income from property in Macao is taxed.
Tourism Tax
All hotels, apartment-style hotels, tourist complexes, restaurants (including coffee houses, cafeterias, and similar establishments), dance halls (including nightclubs, discos, dance halls and dance hall establishments), bars (including "PUBS" and lounges), fitness rooms, saunas, massage parlors and karaoke, should pay the tourism tax collected in the previous month.
Stamp Duty
Stamp duty is payable on most business transactions in Macao, including taxes payable in accordance with various laws (except Net Profit Tax and Salaries Tax). In addition, the transfer of income and property from banking activities, insurance, advertising and other activities is also subject to stamp duty. In the Macao SAR, any transfer of immovable properties (such as commercial and residential buildings, office buildings and parking spaces, etc.) by paid means is subject to stamp duty.