Standard deduction of MOP3,500 on Property Tax. If the taxpayer is two or more natural persons (individuals), its Property Tax can be similarly deducted the aforementioned amount if and only if one of them is permanent resident of Macao SAR. If the taxpayer is a legal person, individual commercial entrepreneur or non-resident of Macao SAR, it is not eligible for such deduction. [1]
The urban Property Tax rate for leased premises will be reduced to 8%. [2]
References:
1. Law Nº 25/2024 – the Government Budget of Financial Year 2025: Article 21
2. Law Nº 25/2024 – the Government Budget of Financial Year 2025: Article 22