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Maintenance and Tax Filing Questionnaire of Limited Company in Macau

2024-05-29
Q：
 What are the requirements for maintaining a Limited Company in Macau?
A： After a Limited Company is officially registered in Macau, it will have certain compliance requirements. The major ongoing obligations and filings requirements to be made by a Limited Company in Macau are: -

  • Maintaining a registered address in Macau;
  • Filing of Complementary Tax Return to the Macau Finance Bureau;
  • Filing of Professional Tax Return to the Macau Finance Bureau; and
  • Filing and reporting to the Macau Commercial and Movable Property Registry related to the changes of company name, registered office address, company structure or appointing and or terminating of an administrator.

Q：
 How to report the updated company structure if there is any change for a Limited Company? What is the prescribed time for reporting the change?
A：
 The Limited Company is required to deliver a notice of change of company structure to the Macau Commercial and Movable Property Registry within 15 days from the effective date of change.

In general, a person of the Company is required to sign the relevant documents in person in Macau. If the person is not available to visit Macau, he/she may deliver the duly signed documents with his/her original passport to Macau office for signature verification.

Q：
 Is the information of Limited Companies made available for inspection by public?
A：
 Yes. All the information of Companies registered in Macau are available for inspection by public.
Q：
 A Limited Company is required to file the Complementary Tax Return?
A：
 Yes, an annual Complementary Tax Filing must be done by all companies registered in Macau irrespective of being dormant or listed in Group A or B company.
Q：
 How to classify the Companies into Group A or Group B under the Complementary Tax Regulations in Macau?
A：
 Under the Complementary Tax Regulations, the classification of Group A or B companies are as follows:

1、 Group A companies

(1) 
 All Companies Limited by Shares (S.C.A) and Mixed Companies (S.C.);  

(2) 
 All forms of business entities having a capital of not less than MOP 1,000,000 or whose average taxable profit in the last three consecutive years is higher than MOP 1,000,000;

(3) 
 All forms of business entities who are ultimate parent entities; or

(4)  
 Entities who choose by themselves to be Group A taxpayer by filing a Group A declaration form.
2、
Group B companies

Other forms of companies including Limited Company (L.D.A) and Limited Company with sole shareholder (Sociedade Unipessoal Lda) which does not satisfy the above requirements are classified as Group B taxpayers. Usually, the start-up business are Group B companies.

Q：
 The accounts of a Limited Company needs to be audited?
A：
 The audit requirements are different for Group A and Group B companies. The accounts and tax returns of Group A companies need to be audited and filed by local registered accountants and auditors. Group B companies can report and file the tax return by themselves and are not required to audit its accounts.

Q：
 What is the Complementary Tax rate of a Limited Company in Macau?
A：
 The Complementary Tax rate of Group A and B companies are the same. A Limited Company with taxable profits below MOP 32,000 is exempt from tax. Macau Complementary tax is imposed on a progressive rate scale ranging from 3% to 9% for taxable profits below or equal to MOP 300,000 and 12% for taxable profits over MOP 300,000.
Q：
 What is the prescribed time for delivery of the Complementary Tax return of a Limited Company?
A：
 A Limited Company must file the Form M/1 to the Macau Finance Bureau annually. Filing deadlines for companies belong to Group A are from 1 April to 30 June and companies belong to Group B are from 1 February to 31 March.
Q：
 When should the Professional Tax Return be filed by a Limited Company?
A：
 A Limited Company is required to file the Form M3/M4 during January to February each year together with the summary of remuneration of all the employees.
Q：
 Does a Limited Company require to file the Professional Tax Return even if the Company has no staff hired?
A：
 Yes. A Limited Company is still required to file a Nil Professional Tax Return to the Macau Finance Bureau even if there is no employee hired by the Company.

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