Updated Fixed Deduction of Taxable Income for Salary Tax Assessment
Highlights of New Policy
The Financial Services Bureau (澳門財務局) adjusted the Fixed Deduction of Taxable Income for Salary Tax Assessment from 30% to 25% in 2021. However, the waiver of salaries tax remains unchanged at 30% according to the latest tax relief measures.
For details, please refer to the simulation calculation of 2021 at https://www.dsf.gov.mo/tax/tax_downloadapps.aspx.
BridgeBuilder HRMS is ready for the changes!
Since the arrangement will be effective in tax year 2021, BridgeBuilder is ready to adopt this amended policy in our system and help our clients to carry out HR practice continuously with the latest ordinances. If you have any questions about the policy update on regard of our system update, do not hesitate to contact us via 3529 4347. Cheers!