A rebate of 60 percent of the personal income tax paid for 2024 will be passed 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 2026 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 2024 fiscal year, with the rebate’s payments to be issued to them in the 2026 fiscal year, with a maximum rebate of 14,000 patacas for each taxpayer.
The total amount of the government’s rebate will amount to about 1.04 billion 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 posted to their designated address.
The statement said that the bureau expects the last crossed cheques to be delivered to the respective taxpayers early next month.
For public servants not registered for bank transfer to receive their tax rebates, according to the statement, their tax rebates will be deposited together with their monthly salary into their salary accounts next month.
The statement also said that the first batch of the rebate’s payments will cover around 169,300 personal income taxpayers.
This file photo taken late last year shows a woman walking past the headquarters of the Financial Services Bureau (DSF) on Avenida da Praia Grande in Nam Van. – Photo: Tony Wong
The poster released by the Financial Services Bureau (DSF) yesterday shows key information on the government’s personal income tax rebates. The AI-translated English text was arranged by the Post.
