THE M3: FERRY TAX REMOVED; CHINA TAX

08/03/11 07:37AM EDT

The Macau Metro Monitor, August 3, 2011

CHEAPER OUTBOUND FERRY SERVICES Macau Daily Times

According to Macau's Executive Council, the MOP 19 ferry departure tax charged to passengers will be removed to help attract visitors to the city.  The council’s spokesperson Leong Heng Teng said the change will come into effect 30 days after the administrative regulation is promulgated.

MACAU RESIDENTS, FIRMS TO TAKE CHINA TAX HIT Macau Daily Times

Local residents and companies working in mainland China will have to pay the new social security contribution that is expected to come into effect in early 2012.  Moreover, there is no sign the MSAR Government is seeking a deal with mainland China to give exemption to local residents and companies.  The draft Social Insurance law is currently waiting for State Council approval.

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