Income tax on rent, worked example, in Macau
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| Non-resident couple's rental income1 | ||||
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less: Expenses 3 | 10% | 1,800 | 7,200 | 14,400 |
| Less: Standard Deduction4 | 438 | 438 | 438 | |
| = Taxable Income | 15,763 | 64,363 | 129,163 | |
| Income Tax5 | ||||
| Flat rate | 10% | 1,576 | 6,436 | 12,916 |
| Annual Income Tax Due | 1,576 | 6,436 | 12,916 | |
| Tax Due as % of Gross Income | 8.76% | 8.94% | 8.97% | |
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DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on 28 March 2016.
Notes
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%.