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  1. Resale taxes will cut Macau housing deals by third, says agent

    Posted Apr 23rd 2011, 12:00am

    ... Liu added. On Wednesday, Macau government chief executive Fernando Chui announced the introduction of a special tax to deter speculators which will apply to new properties, including those currently being built. A 20 per cent tax will be levied on their resale within one year of purchase; and a 10 per cent levy on sales within two years. The average price of homes in Macau has risen ...

  2. Red tape over double taxation causes confusion

    Posted Jul 03rd 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com It was good news for many Hongkongers when new tax rules were launched last month that ease their double-taxation burden when they work on the mainland. ... to accountants close to the issue. The new system lightens the tax load for employees of Hong Kong-based companies who work on the mainland by calculating their taxes on a pro-rata basis- depending ...

  3. Sport - Other Sport - BOXING

    Pacquiao weighs up rematch with Marquez in Macau

    Posted Feb 13th 2013, 12:00am by Unus Alladin

    ... Unus Alladin unus.alladin@scmp.com Fighter and adviser say new venue for Marquez bout offers huge tax advantages but promoter points to big losses on pay-per-view sales Pacquiao mulls ... Pacquiao's chief adviser, Michael Koncz, said the Filipino wants a fifth fight against Juan Manuel Marquez away from Las Vegas, "because of high US taxes" that would be incurred if the bout ...

  4. News - China - MACAU

    Macau residents get record 8,000 pataca handout

    Posted Nov 14th 2012, 12:00am by JOLIE HO

    ... - up from 1,900 last year. Children in kindergarten will get 2,000 patacas, compared with 1,500 last year. The income tax deduction will be increased from 25 per cent to 30 per cent, and the exemption amount is 144,000 patacas. Meanwhile, 60 per cent of the income tax paid this year will be refunded in 2014. The maximum refund is 12,000 patacas. Including other tax exemptions, the Macau ...

  5. News - China - TOURISM

    Mainland Chinese influx prompts Macau to mull visitor cap

    Posted Mar 13th 2013, 12:00am by JOLIE HO

    ... month, boosted by the flood of mainland visitors over the Lunar New Year. Direct taxes from gaming this year are expected to bring in about 95 billion patacas- over 80 per cent of the city's ...

  6. Drinkers taking day trips to avoid high tax

    Posted Feb 18th 2006, 12:00am by Dennis Eng

    ... to cut alcohol tax in next week's budget. Comparisons of supermarket prices show the average cost of a premium beer is $6.21 in Hong Kong, $5.18 in Macau and $2.48 on the mainland, the Hong ... Shien-kwai questioned the logic of having different alcohol taxes in the two special administrative regions and on the mainland. The coalition is calling on Financial Secretary Henry Tang Ying-yen ...

  7. News - Hong Kong - POLITICS

    Tai Po NeoDemocrat councillor barred from Macau

    Posted Nov 18th 2012, 12:00am by Ada Lee

    ... "I haven't participated in any protest in Macau. I don't understand why. The only thing I could think of is the Grand Prix." South China Morning Post photographer Felix Wong ...

  8. Comment - Insight & Opinion

    Forget handouts, Macau needs social spending and diversification

    Posted Nov 21st 2012, 12:00am by SCMP Editorial

    ... SCMP Editorial Macau gambles with its future Macau's residents have become used to the government's giveaways that line their pockets with cash and reduce taxes. The huge budget surpluses from gaming tax revenue make for an embarrassment of riches that next year will amount to about 9.8 billion patacas in subsidies, leading to the biggest handouts since 2008. A ritual has ...

  9. Business - China Business - GAMING

    Gamblers will keep pouring into Macau, experts say

    Posted Dec 03rd 2012, 12:00am by Sophie Yu

    ... of this year, with more than half of them coming from the mainland. "There are so many people in China that haven't been to Macau yet. So regardless of the economic circumstances in China ...

  10. Gambling tax 'stays in the family'

    Posted Dec 31st 2004, 12:00am by Staff Reporter

    ... the money and does not pay taxes to Beijing, rather than at home, where the government would receive tax and other benefits. The question is especially relevant in the case of corrupt officials who spend millions of yuan in bribes and public money in Macau. Before 1999, the surplus taxes from the gaming tables ended up in state coffers in Portugal. But now the taxes remain in Macau- ...




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