Macau Yearbook 2013 - Macao Yearbook

EconomyTaxable annual revenueRevenue up to 95,000 patacasPercentageWaivedProgressively in excess of designated amount:Up to 20,000 patacas 7%20,001 patacas to 40,000 patacas 8%40,001 patacas to 80,000 patacas 9%80,001 patacas to 160,000 patacas 10%160,001 patacas to 280,000 patacas 11%Over 280,000 patacas 12%Tourism TaxRegulations on Tourism Tax require that a five-percent tourism tax be levied on all the servicecharges of hotels and similar establishments, gyms and saunas, massage parlours and karaoke bars.Real Estate TaxRegulations on Urban Real Estate Tax require that real estate tax be levied on the revenue of localhousing properties, and that the tax rate shall be six percent on the taxable revenue for non-leasedproperties, while that for leased properties shall be ten percent.Asset Transfer Stamp DutyTransfer of an immovable asset before death, whether such transfer be temporary or permanent, orpaid or unpaid, is subject to asset transfer stamp duty at the following rates:Taxable areaPaid transfer of an immovable asset with a value of upto two million patacasTax rate1%From over two million patacas to four million patacas 2%Over four million patacas 3%Unpaid transfer of an asset 5%161