Tax benefits for street vendors

Street vendors and market stall renters are exempted from having to pay tax this year. The announcement was published in yesterday’s Official Gazette, which states that the move will be backdated to January 1, meaning retroactive effects for the first two-and-a-half weeks of this year so far.
In addition, market stall renters will be exempted from paying rent for their stalls. According to tax and tariff prices imposed by the Civic and Municipal Affairs Bureau (IACM), street vendors have to pay an annual licence ranging from between MOP1,000 for an area of up to 2.5 square metres to MOP2,600 for an area of over 10 square metres. Street vendors along Hac Sa Beach are subject to a MOP3,000 annual licence, while mobile street vendors’ annual licence is MOP5,000.