Macau SAR Information on minimum wage and taxes.

Macau SAR (Special Administrative Region) is a special administrative region of China. The minimum wage and tax system in Macau SAR is as follows: The minimum wage in Macau SAR has been determined as 32.5 Macau Patacas (MOP) per hour as of 2021. When calculated monthly, it corresponds to approximately 6,500 MOP. The minimum wage is established to guarantee a minimum level of income to meet the basic needs of employees. In terms of tax system, personal income tax is imposed in Macau SAR. Personal income tax rates vary depending on income level. As of 2021, the personal income tax rates applied in Macau SAR are as follows: -

7.5% for the first part of income up to 144,000 MOP - 10% for the portion of income between MOP 144,001 and MOP 360,000 - 12% for the portion of income between MOP 360,001 and MOP 720,000 - 15% for the portion of income between MOP 720,001 and MOP 1,440,000 - 17% for the portion of income above MOP 1,440,001 There is also some income that is exempt from income tax in Macau SAR. For example, income such as house rental income, interest income, and some self-employment earnings that are less than a certain amount are exempt from tax. There is a tax return requirement in Macau SAR, and the filing deadline is usually the end of March. Tax payments are made annually. However, it is important to note that tax rates and tax exemptions may change and current tax laws must be followed. Therefore, it is important to seek support from the tax authorities in Macau SAR or a tax advisor for detailed and up-to-date information.