A rebate of 60 percent of the personal income tax paid for 2023 will be issued to the respective taxpayers starting from tomorrow, the Financial Services Bureau (DSF) announced in a statement yesterday.
Macau’s fiscal and calendar years are identical.
The statement noted that according to the government’s 2025 budget, which was passed by the legislature in its second and final reading in December last year, local personal income taxpayers are entitled to a rebate of 60 percent of their tax paid for the 2023 fiscal year, with the rebate’s payments to be issued to them in the 2025 fiscal year, with a maximum rebate of 14,000 patacas for each taxpayer.
According to the statement, the rebate’s payments, which will start tomorrow, will cover around 165,000 personal income taxpayers, with the total amount of the government’s rebate amounting to about 980 million patacas.
The statement noted that the rebates will be paid via bank transfer or crossed cheque sent by post, where taxpayers registered for bank transfer will receive their tax rebates tomorrow with the money to be deposited into their bank accounts, while taxpayers not registered for bank transfer will be paid with a crossed cheque to be sent to their respective designated address by post.
The statement said that the bureau expects the last crossed cheques to be delivered to the respective taxpayers early next month.
The statement also said that the first batch of the rebate’s payments will cover 98 percent of the around 165,000 personal income taxpayers, with the 98 percent comprising 158,000 taxpayers to receive their rebates via bank transfer, 1,600 taxpayers to receive via crossed cheque, and 2,300 taxpayers who are public servants with their rebates to be paid by their respective public entities, accounting for 95.6 percent, one percent, and 1.4 percent of the total.
This poster in Portuguese released by the Financial Services Bureau (DSF) yesterday shows key information on the government’s personal income tax rebates.
This undated file photo released by the bureau earlier this year shows a man entering its headquarters in Nam Van.
