Author: Paulo Cordeiro de Sousa
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Tax Matters | The Service Charge – is it mandatory?
When you travel around the world and go to a restaurant, it is not unusual to find in the bill an additional 10 or 15% service ... -
Tax Matters | Updating the Macanese Tax Legislation
Generally speaking, the Macanese tax legislation is out of date. It is somewhat understandable that the Government does not feel the need to update the existing ... -
Tax Matters | Fighting erosion in taxable base and profit shifting
The RAEM government has recently discussed some amendments to the Corporate Income Tax Regulations (CITR, or Regulamento do Imposto Complementar de Rendimentos) and to the Regime ... -
Tax Matters | Tax measures against real estate speculation
Since 2011, the Macau government has adopted several measures against property speculation to improve the existing supply of housing, both for purchasing and rentals. Such measures ... -
Tax Matters | Employee share schemes
It is becoming increasingly common for Macau employees in multinational corporations to be awarded Share Options (also referred to as Stock Options – “SOs”) or Restricted ... -
Tax Matters | The Hong Kong-Macao CEPA
According to the “one country, two systems” principle, China encompasses three separate customs territories – Mainland China, and the Hong Kong and Macao Special Administrative Regions. ... -
Tax Matters | The Tax Enforcement Code – Is it really in force?
The enforcement of tax debts, as well as the enforcement of other debts of public entities, should take place under the terms of the tax enforcement ... -
Tax Matters | Tax-related issues in the Macau SAR 2019 budget
The Macau SAR Budget was approved by Law 19/2018, and was published in the Official Gazette on December 31, 2018 (the “2019 Budget”). As usual, it ... -
Tax Matters | The importance of the Tax Treaties for the Avoidance of Double Taxation
It is openly declared by many people that Macao should play a more important role as an international platform for the investment in Portuguese- speaking countries. ... -
Tax Matters | Competitive tax advantages of the Macau SAR
The Macau tax system has a lot of competitive advantages vis-à-vis other territories that people, especially international economic groups, do not yet seem to be fully ... -
Tax Matters | The offshore revocation
It was recently made public that the Legislative Assembly of Macao just approved a bill (generally subject to further internal discussion) aiming at revoking the Macanese ... -
Tax Matters | The taxation of companies in Macau – worldwide or territorial basis? (cont.)
Our previous article about the taxable basis for the taxation of companies in the Macau territory made reference to the fact that the courts in Macau, ... -
Taxation of companies in Macau – worldwide or territorial basis?
Business and entrepreneurial income in Macau is taxed under the “Imposto Complementar de Rendimentos” (ICR) and the ICR tax is applied to profits obtained by individuals ...
