Member Articles

Besides other exemptions contemplated under the law that approved the 2016 budget for Macau SAR (Law No. 15/2015, of 28 December 2015), the core special exemptions applicable cover Corporate Tax, Professional Tax and Property Tax. Corporate Tax The taxable profits accrued in the companies’ annual accounts re ...

Latest Legislative News on Employment Related Matters Law 15/2015 became effective on 1st January 2016 - the official budget law sets annual exemptions, deductions and tax withholding minimum thresholds for 2016. Regarding professional tax the following applies in Macau for 2016: 1. Tax rates (professional tax rates) are progressive up to 12% with the top tax rates applying to an annual income over MOP424,000. Professional tax rates apply to residents and to non-residents. 2 ...