Income tax on rent, worked example, in Macau
March 28, 2016
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1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 8.00 MOP
3 A standard deduction of 10% of the gross income is allowed to cover income-generating expenses.
4 A standard annual deduction of MOP3,500 (US$438) is allowed for all properties.
5 Rental income is taxed at a flat rate of 10%.