As previously reported, the income tax arrangement between Hong Kong and Macau entered into force on 20 August 2020. The arrangement, signed by Hong Kong on 22 November 2019 and by Macau on 25 November 2019, is the first of its kind between the two jurisdictions.
Taxes Covered
The arrangement covers Hong Kong profits tax, salaries tax, and property tax, and covers Macau complementary tax, professional tax, and urban property tax.
Residence
If a person, other than an individual, is consi…