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​ProMacau Registered Accountants & Associates

Tax Tips

Business 
1. A business that conducts short-term commercial activities must declare its business opening within 15 days before opening.

2. All businesses engaged in industrial and commercial activities must apply for opening within 30 days before opening.

3. If the company: increase the capital; change the company/business name, address or business location; add new business; cancel part of the business, etc., the procedures must be completed within 15 days from the date of change.

4. The closing of a business must be completed within 15 days of closing.

5. Net profit taxpayers with proper accounting accounts can submit a declaration to join Group A. If they start business in the last quarter of the year, the submission can be postponed to January 31 of the following year.

6. All taxpayers who are engaged in the sale of new motor vehicles and accidental sales of new motor vehicles shall submit an M/4 format return and pay the settled tax within 15 days after the occurrence of taxable facts.


Employer
1. To hire employees (including casual workers), employers must complete the entry declaration within 15 days of their employment.

2. If the employee resigns, the employer should complete the resignation declaration before the end of the following month.

3. If the salaries tax prepayment system is selected, the employer should submit the application form within January and February.

 
Employee
1. If an employee changes their address, please remember to notify the Finance Bureau.

2. An employee with more than one employer may elect to withhold the applicable tax rate up to 12% by submitting a declaration to each employer.

 
Owner
1. The purchaser of real estate must declare settlement and pay property transfer stamp tax within 30 days from the date of issuance of the relevant documents, instruments or acts.

2. When renting out the house, the lessor must declare within 15 days from the date of entering into the relevant leasing contract. When the leasing relationship ends, the lessor must notify the Finance Bureau as soon as possible.

3. Notify through the "Property Tax M/10 Form" within 15 days from the date of the vacancy of the property, and the property unit determined by the bureau to meet the conditions can be revoked the property tax during the vacancy period.

4. The owner can apply to send the tax bill of his property to the designated correspondence address.

5. If the property tax application form is submitted in March, successful cases can be deducted from the property tax paid in the same year.

6. For rental property, submit "Property Tax M/7 Form" in January each year to declare maintenance and management expenses.
 

Others
1. If the taxpayer fails to receive the tax bill, he /she should bring the relevant information and request a reissue.

2. Before buying a property, the buyer should check with the seller whether the unit concerned has a lease relationship or owes tax.