A comprehensive guide on Macau Tax Expat of the US!

No doubt, Macau is a mind-blowing choice to live and plan to expand your business overseas. That’s why many Americans move their home and office every year.

But before you settle down here, you must have a close insight into the Macau tax for expats. The tax rates and rules can vary to a great extent between the residents and non-residents.

Are you finding it essential for your living and work? Keep on reading then!

Macau tax for expats

What to know about expat tax in Macau

According to recent reports of Macau SAR, the US expat tax can affect the tax returns for individuals and corporate as well. That’s why here are some vital facts that you must know before start living and working here. Have a look:

  • Being a US expat taxpayer, your taxation will include the worldwide income you make. You need to file the tax returns by 15th April every year. Now, the exception is for those who live overseas at the time of the deadline. Such expats will pay the tax by June 15.
  • Are you an expat employer? If so, you have to withhold the corporate tax at the rate from the salaries paid. The amount depends on the Macau SAR territory-based system. Besides, if you are a non-resident without a work permit, the professional tax rate will be at least 5% of the amount you are paid.
  • As mentioned before, your tax payment will be over the worldwide income. Hence, you have to file the tax returns for all the years you live in Macau. On the contrary, one expat can deduct the foreign housing amount in this regard.
  • Do you worry about double taxation? Double taxation means the tax payment of both countries- the US and Macau. Undoubtedly, it’s a matter of concern for US expats living and working in Macau.

Anyway, you can claim Foreign Tax Credit for getting a deduction on double taxation and tax payable earnings. Make sure to avoid the assumption that you need not file US expat tax returns in Macau if there is zero tax with these tax advantages.

Do you need any help?

APAC Taxation Group comes with the best solution for Macau tax for expats. No matter if you have to file the tax or reduce the commitment, their tax specialists can help you out here. They will guide you to stay compliant and advise profitable solutions.

Location: Commercial Building, 158 Connaught Rd Central, Sheung Wan, Hong Kong

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