Macau Yearbook 2013 - Macao Yearbook

Macao Yearbook 2013Excise DutyExcise duty is levied on cement, fuel, lubricants, tobacco, alcoholic drinks and sparkling soft drinkscontaining flavourings and minerals. Certain alcoholic drinks are subject to an ad valorem tax basedon their CIF price in Macao, while other products are subject to fixed rates of consumption tax.Motor Vehicle TaxNatural persons or legal persons importing new motor vehicles for their own use or for transfer toconsumers are subject to motor vehicle tax based on the taxable value of motor vehicles. Rates ofmotor vehicle tax are as follows:Heavy and light motorcyclesLevel of taxable value (patacas)Corresponding rateof each levelEffective averagetax rateUp to 15,000 patacas --- 10%From over 15,000 patacas to 25,000 patacas 35% 20%From over 25,000 patacas to 40,000 patacas 40% 30%Over 40,000 patacas --- 30%CarsLevel of taxable value (patacas)Corresponding rateof each levelEffective averagetax rateUp to 100,000 patacas --- 30%From over 100,000 patacas to 200,000 patacas 40% 35%From over 200,000 patacas to 300,000 patacas 65% 45%From over 300,000 patacas to 500,000 patacas 70% 55%Over 500,000 patacas --- 55%Financial Services BureauThe Financial Services Bureau is mainly responsible for supervising, coordinating and monitoringthe financial activities of public departments.162