Submission of Annual Income Declaration Form (Group A)

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How to process

Type of procedure:

Submission of Annual Income Declaration Form (Group A).

Application Eligibility:

All Profits Tax Group A taxpayers.

Declaration Method:

The declaration form must be co-signed by the taxpayer, his/her legal representative or attorney with the company’s accountant or certified public accountant.

Submission period:

The declaration of income obtained in the MSAR for the previous fiscal year must be filed by the taxpayer between April to June of each year.

Submission Procedures and Documents Required:

1. Profits Tax Group A – Income Declaration Form M/1 submitting one of the following documents mentioned in point 2, depending on the sector of activity;
2. Financial Statements (annexes A and B)
   a. ANNEX A (General Sector);
   b. ANNEX B (General Sector);
   c. ANNEX A (Insurance Sector);
   d. ANNEX B (Insurance Sector);
   e. ANNEX A (Bank Sector);
   f. ANNEX B (Bank Sector);
3. Depreciation and Amortization Form M/3.
4. Table of Disposal and Write-off of Tangible and Intangible Assets M/3A (if there is any disposal and write-off within the fiscal year);
5. Provisions Movement Form M/4.
6. Trial balance (progressive balances of the general ledger) and the final accounts;
7. Technical report;
8. Copy of the minutes of the meeting for the approval of accounts and copy of the report of the supervisory board (when legally required);
9. Supporting documents of bad debts.

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Location and office hours:

1. The “Finanças” Building  – Tax Services Centre 
   Ground floor, the “Finanças” Building, Av. da Praia Grande, nos. 575, 579 e 585, Macao
   Monday to Friday         9:00 – 18:00
   Closed on weekends and public holidays.
2. Macao Government Services Centre – Tax Service
   Rua Nova da Areia Preta, no. 52, Macao
   Monday to Friday          9:00 – 18:00
   Closed on weekends and public holidays.
3. Macao Government Services Centre in Islands – Tax Service
   Rua de Coimbra, no. 225, 3rd Floor, Taipa.
   Monday to Friday          9:00 – 18:00
   Closed on weekends and public holidays.

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Penalties:

1. Failure of declaration, inaccuracy or omissions verified in the declarations shall be subject to a fine of 100 to 10,000 patacas. A fine of 1,000 to 20,000 patacas shall be levied for a deliberate violation;
2. In the case of recidivism, the fine is doubled. It is considered recidivism if a taxpayer who has been liable to a fine for an administrative violation commits the same act of infringement within 18 months;
3. Fines imposed for voluntary confessions may be halved.

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Remarks:

1. Declaration of Income Form M/1 of the previous year shall be submitted on time every year even though the total income remains unchanged;
2. Pursuant to paragraph 4 of article 12 of the Profits Tax Regulation, if the taxpayer is domiciled or headquartered outside Macao SAR, he/she must, for tax purposes, indicate an address in Macao SAR on the declaration. Otherwise, the declaration is considered not presented;
3. The declaration must be co-signed either by the taxpayer, his/her legal representative or attorney together with the company’s accountant or certified public accountant ;
4. The company’s chop should be stamped on the declaration form.

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Related Legislation:

“Profits Tax Regulation”, approved by Law No. 21/78/M, of September 9, with the necessary adaptations.

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