Macau | Property leasing taxation based on evaluation made by valuation standing committee - DSF

The rate of property leasing taxation would not be levied based on the recent rental amount but to be based on the evaluation made by the valuation standing committee, stated DSF

Macau (MNA) – The rate of property leasing taxation will not be levied based on the recent rental amount, but on the evaluation made by the valuation standing committee, stated the Financial Services Bureau (DSF) in response to an interpellation made by legislator Si Ka Lon.

A valuation standing committee will perform evaluations on flat rental values that might be suspected of having a lower-than-market value, the Bureau wrote.

DSF further indicated that tax payers could request for re-evaluations on their flats’ rental values. Alternatively, tax payers could lodge complaint on the taxation that would be levied for last year in March every year.

Legislator Si, meanwhile, raised cases in which some current owners had not been informed by the previous flat owners that the property was once rented out, and as such still paid a higher tax.

DSF replied if cases are confirmed that the leasing relationship had already been terminated when the property was transferred to a new owner, DSF will cancel relevant tax arrangements and exceeded tax payments would be refunded.

 

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