Property Tax is levied for income derived from all residential, commercial and industrial properties in Macao. On the principle that persons holding the right of income derived from the properties are the tax payers.
Taxes for each year would be settled as 6% of the rental income assessed by the Standing Committee for Property Assessment or in the case of rental income actually received at 10%.
A deduction of up to 10% of the rental income shall be allowed upon request made to the Finance Department to cover the cost of repairs and maintenance incurred by the taxpayer.
Property Tax shall be payable by one installment during the months of June, July and August.
Reference:
Law Nº 19/78/M: Property Tax
Macao SAR Government- Printing Bureau (Official Website): https://bo.io.gov.mo/bo/i/78/32/lei19_cn.asp