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Macau: Overview

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Macau: Overview

Macau is one of the two Special Administrative Regions of China, Hong Kong being the other. Although Macau is a part of China, it does not practice socialism because of the “one country, two systems” policy, wherein Macau can enjoy a high degree of autonomy in all matters except foreign and defense affairs.

Macau’s economy depends on tourism. Macau has capitalised on its long history as a gambling centre.

Though all land in Macau belongs to the government and tenure is on a leasehold basis, in reality long lease can be freely bought and foreigners can own property.

TAXES AND COSTS

Last Updated: Dec 18, 2008

Income taxes are low in Macau

Rental Income: Rental income is taxed at a flat rate of 16%.

Capital Gains: Capital gains are subject to complementary tax which is levied at progressive rates, from 9% to 12%.

Inheritance: Inheritance and gift taxes in Macau have been abolished.

Residents: Resident are taxed only on their income from sources in Macau.

Read Taxes and Costs  »

 


RESIDENTIAL PROPERTY FACTS
Price (sq.m): n.a. Rental Yield: n.a.
Rent/month: n.a. Income Tax: n.a. Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income.
Roundtrip Cost: n.a. The total cost of buying and then reselling an apartment. Includes:

* all transaction taxes and charges:
* lawyers' and notaries' fees
* agents' fees

Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000. 		Cap Gains Tax: n.a. Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation.
Landlord & Tenant Law: n.a. Rating is based on a detailed study of each country’s law and practice.
JANUARY 2009
FEBRUARY 2008
OCTOBER 2007
OCTOBER 2006
AUGUST 2006

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