Macau News

OECD Releases New Action 14 Peer Review Reports
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 31, 2020
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. Read Full Story

Eight States' Tax Transparency Frameworks Reviewed
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, April 15, 2020
The OECD Global Forum has released eight peer review reports, for Brunei, Macau, Switzerland, Barbados, the Seychelles, Liberia, Peru, and Tunisia, on the jurisdictions' efforts to adopt and comply with international tax standards on transparency and the exchange of tax-related information on request. Read Full Story

OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, July 25, 2019
The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia. Read Full Story

Macau To Sign OECD Multilateral Information Exchange Treaty
by Mary Swire, Tax-News.com, Hong Kong
Friday, May 11, 2018
Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Read Full Story

Taiwan Explains VAT Refunds For Foreign Exhibitors
by Mary Swire, Tax-News.com, Hong Kong
Monday, March 20, 2017
Taiwan's national tax authority has released guidance on VAT refunds for foreign exhibitors, following a number of questions received from overseas firms. Read Full Story

Bahrain, US Sign FATCA Agreement
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, January 23, 2017
Bahrain has signed an agreement to implement the US Foreign Account Taxpayer Compliance Act with the United States. Read Full Story

Macau Hints At Gaming Tax Reform
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, January 18, 2017
Following representations from the gaming industry, Macau's Director of the Gaming Inspection and Coordination Bureau, Paulo Martins Chan, has disclosed the Government is open to reviewing tax on gaming. Read Full Story

China Cut Tariffs On January 1
by Mary Swire, Tax-News.com, Hong Kong
Monday, January 2, 2017
China introduced import and export duty changes from January 1 to boost innovation-driven development and put the country's tariff structure "more in line with the needs of international trade development." Read Full Story

Macau, US Sign FATCA Agreement
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, December 20, 2016
On December 14, Macau and the United States signed an intergovernmental agreement to facilitate compliance with the US Foreign Account Tax Compliance Act by financial institutions in Macau. Read Full Story

Macau's 2017 Tax Measures To Benefit Individuals, SMEs
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, November 16, 2016
On November 15, Macau's Chief Executive, Chui Sai On, delivered the Policy Address for Macau's 2017 fiscal year, and concentrated on measures to improve the livelihoods of individuals and boost the growth of small businesses. Read Full Story
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