Macau Tax Tables 2024 - Tax Rates and Thresholds in Macau

This page contains the tax table information used for the calculation of tax and payroll deductions in Macau in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ MO, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Macau or would like to add to or suggest amendments to the information herein then please contact us.

Macau Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Macau are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Macau Tax Calculator 2024.

Macau provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Macau in 2024:

In Macau, social security contributions made by employees are not deductible from their gross income for the purpose of calculating taxable income. The social security system operates independently of the tax system, meaning that the contributions towards social security do not reduce the taxable base of an individual's income. This approach aligns with Macau's tax policies, which are designed to maintain simplicity and clarity in the tax and social security systems.

Macau Social Security and Payroll Deduction Rates in 2024

In Macau, the social security system is designed to provide support and protection to employees, employers, and self-employed individuals, covering various aspects of welfare and benefits. The system is funded through mandatory contributions from both employers and employees, as well as voluntary contributions from self-employed individuals. These contributions finance a range of benefits aimed at ensuring the well-being of the workforce and their families.

The primary component of social security in Macau is the provision for old-age pensions, which offers financial support to individuals upon reaching retirement age. This pension system is designed to ensure that retirees have a stable source of income, contributing to their financial security and independence in later life.

Healthcare benefits are also a significant part of Macau's social security system, providing coverage for medical expenses, hospitalization, and preventive health services. These benefits ensure that all contributors have access to necessary healthcare services, promoting the overall health and well-being of the community.

In addition to retirement and healthcare benefits, the social security system in Macau provides support in the event of work-related injuries and occupational diseases. This includes compensation for medical treatment, rehabilitation services, and financial support during periods of incapacity, protecting employees from the financial impacts of work-related health issues.

Family benefits are another critical aspect of social security in Macau, offering financial assistance to families with children. This includes allowances for childbirth, child support, and educational subsidies, helping to alleviate the financial burden on families and ensure the well-being and development of children.

Unemployment benefits are available to those who have involuntarily lost their jobs, providing temporary financial support while they seek new employment. This safety net helps to stabilize income for unemployed individuals, aiding in their transition to new work opportunities.

Macau's social security system also includes provisions for disability benefits, offering financial support and assistance to individuals who are unable to work due to disability. These benefits are designed to help individuals maintain a decent quality of life and cover the costs associated with their disability.

Employers in Macau are responsible for registering with the social security system and making contributions on behalf of their employees. These contributions are deducted from employees' salaries and, along with the employers' contributions, fund the social security benefits.

The social security system in Macau plays a crucial role in the territory's social welfare framework, providing a comprehensive safety net that supports the well-being and financial stability of individuals and families. Understanding the structure and benefits of social security and payroll deductions is essential for both employers and employees, ensuring compliance with legal requirements and access to the benefits provided.

Historic Tax Tables supported for Macau

The following tax tables are supported by iCalculator™ MO as part of the suite of free tax tools we provide for Macau.