Whether you’re moving for work, study, or a new adventure, living in Macao as an expat offers access to high-paying job opportunities, tax benefits, and a rich cultural lifestyle.
In this guide, we’ll walk you through everything you need to know about relocating to Macao from a personal tax perspective, including tax residency, income tax, special tax regimes and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Macao follows a territorial taxation model. You will pay tax on local sourced incomes only, irrespective of your resident status.
if you have an ID card or residence permit.
Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in the Macao, you may find that the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source country’s taxing right and thus, enable you to receive incomes tax free globally.
At present, Macao has eight double taxation agreements signed.
