On 18 December 2018, the Legislative Assembly approved certain tax incentives proposed by the Chief Executive of Macau in the Budget for the financial year 2019. The key tax incentives include the following:
The Macau Offshore Law (Decree-Law 58/99/M) and its supplementary regulations that grant tax incentives to approved offshore institutions will be abolished on 1 January 2021. Existing approved offshore institutions can continue to operate until the end of year 2020 with the following transitional arrangements:
Existing offshore operating licences will automatically become invalid on 1 January 2021. Approved offshore institutions will transit to Macau onshore entities from 1 January 2021.
Last Reviewed - 02 July 2019