Taxation in Macau

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The city has collected MOP44.71 billion (US$5.53 billion) in revenue from its gaming direct tax during the months of January to May, registering a surge of 20.4 per cent year-on-year.

The Macau SAR has passed the Phase II Peer Review by the Organization for Economic Cooperation and Development (OECD). This achievement means that the region is considered to have met international standards in their implementation of tax information exchange.

The head of European Union (EU) office in Hong Kong and Macau, Maria Castillo Fernandez, urged the territory to make a bigger effort to prevent tax evasion.

Australia has become the latest partner to sign an agreement with Macau that will assist both governments in preventing offshore tax avoidance and evasion.

The secretary for Economy and Finance Francis Tam Pak Yuen and deputy director of the Chinese State, Li Vang, signed an agreement on second double taxation avoidance on Monday and prevention of fiscal evasion regarding taxable income.

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