Which is more favorable, Macao corporate tax rate or Hong Kong corporate tax rate?

Hong Kong has a low tax burden, a simple tax system and high predictability. There are only three kinds of direct taxes: corporate profits tax, personal salaries tax and property tax. There are no sales tax, withholding tax, capital appreciation tax and other taxes, and dividend income and personal inheritance are also tax-free.

Profits tax16.5%; Salaries tax15%; There is no sales tax or VAT; There is no dividend tax; There is no capital gains tax.

What is the tax environment in Macao?

A: Macao's tax system is low and simple. The main taxes are: supplementary income tax, business tax, occupational tax, housing tax, consumption tax, motor vehicle tax, tourism tax and stamp duty.

-Supplementary income tax: it is a progressive tax with the tax rate ranging from 3%-12%; If the taxable income is above MOP300,000, the tax rate is 12%. Income below MOP32,000 can be exempted.

-Business tax: any business activity requires business tax registration and payment. The tax rate depends on the business. Generally speaking, industrial taxes range from MOP65,438+050 to MOP65,438+0, and bank taxes range from USD 20,000 to USD 80,000. The business tax amount is generally MOP 300 yuan.

-Occupation tax: the occupation tax is progressive, the tax rate is 7- 12%, and the personal tax exemption limit is MOP95,000.

-Housing industry: Macao levies housing tax on the income from buildings every year. Depending on the rent, the tax rate is 10% or 16% respectively.

-Stamp Duty: Most commercial transactions in Australia are subject to stamp duty, including taxes payable under various laws (except supplementary income tax and occupational tax). In addition, the transfer of income and property from banking activities, insurance, advertising and other activities is also subject to stamp duty. In the Macao Special Administrative Region, all real estate (such as commercial and residential buildings, office buildings and parking spaces, etc.). ) must pay stamp duty.

The above stamp duty is progressive:

ambit of charge

per cent

To 2 million yuan

1%

2,000,001yuan to 4,000,000 yuan.

2%

More than 4 million yuan

3%

Free transfer of real estate or other property that needs to be registered and the amount exceeds MOP50,000, the tax rate is 5%; At the same time, 5% stamp duty on vouchers must be increased.

-Motor vehicle tax: Motor vehicle tax is required for the transfer of imported new motor vehicles to consumers or for personal use or personal use of importers. The calculation is based on taxable value, and the tax rate ranges from 10% to 55%.

Consumption tax: 4/99/M+February 2003 13 of Law No.8/2008 amending Law 65438, excluding the products listed in the first and fourth groups in the schedule and the products subject to consumption tax in the third group in the table, only specific taxes are levied. Law 7/2009 amended the third group in the table mentioned in Article 2 of the Consumption Tax Regulations.

The tax rates of the following imported products are the same as those of Macao's original products, and the implementation tax rates are as follows:

product

specific duty

(MOP/unit)

CIF/ Macao import value ad valorem tax

The first group-beer, wine and equivalent products (no products become the object of real tax)

Group 2-alcoholic beverages

Drinks with alcohol concentration higher than or equal to 30%(20o) by volume, except rice wine.

20.00/ liter

10%

The third group-tobacco leaves

A) Cigars and cigarillos containing tobacco leaves

280.00/ kg

-

B) cigarettes containing tobacco leaves; other

0.20/ unit

-

C) Other processed tobacco leaves and tobacco substitutes, including "homogeneous" or "composite" tobacco leaves.

80.00/kg

-

The fourth group-fuel and lubricating oil (no products become the object of physical tax)