share on
The MSAR Government will continue to implement a number of tax exemptions and tax-deduction measures, as well as launch schemes to support young people and SMEs.
Macao’s Chief Executive Sam Hou Fai delivered his first policy address on 14 April 2025. Titled “Innovate to elevate; forge ahead to break new ground”, the Macao Special Administrative Region (MSAR) Government's overall policy direction in the coming year will focus on “increasing economic diversification, improving people's livelihoods, enhancing governance, and integrating into the overall development of the country”.
To promote appropriate economic diversification, the MSAR Government will expedite research and work for establishing a government industrial fund and a fund for the transformation of scientific and technological achievements.
Other key focus areas include:
- soliciting business and attracting investment in key industries;
- setting up offices outside Macao to promote the MSAR’s economic, trade, cultural and tourism sectors;
- strengthening international marketing of Macao;
- boosting medical tourism;
- cultivating and attracting more financial talent;
- promoting the research and development of a “Digital Macao Pataca”;
- advancing the integrated development of industry, academia and research;
- promoting the development of the digital economy; and
- cultivating and developing Macao’s new quality productive forces by supporting the integrated development of education, science and technology, and human resources.
On the other hand, to improve people's livelihoods and support businesses, the MSAR Government has taken into account Macao’s social and economic development situation, and adhered to the principle of prudent financial management, to continue, optimise, or add a number of tax incentives and social welfare measures this year.
Firstly, the Wealth Partaking Scheme has been optimised. Each eligible permanent Macao resident will receive MOP$10,000, and each non-permanent resident will receive MOP$6,000.
Unemployment allowance, sickness allowance, the ordinary and special disability gratuity, the pension and the old-age allowance will also be raised.
Additionally, the MSAR Government will continue to inject a start-up fund of MOP$10,000 for eligible residents for new non-mandatory individual accounts under the Central Provident Fund. An additional MOP$7,000 from the budget surplus will be injected to the existing accounts of eligible residents.
The personal income tax deduction and tax rebate measures for employees will be continued. New measures will also be launched to support young people to seek employment in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
College graduates aged 35 or below who take up occupations either in any of the nine GBA cities that are located on the Mainland, or in the Guangdong-Macao Intensive Cooperation Zone in Hengqin, will be offered a monthly subsidy of MOP$5,000 during their employment period, for a maximum of 18 months.
As for business owners and similar entities, the MSAR Government will continue to implement a number of tax exemptions and tax-deduction measures.
The newly-launched “SME bank loan interest subsidy scheme” offers a maximum annual loan-interest subsidy of four percent, with a maximum subsidy period of three years, for each eligible business or enterprise owner. The maximum loan amount for each beneficiary is MOP$5mm.
To support parenthood and actively address the problem of declining birth rates, the MSAR Government will establish a childcare allowance of MOP$1,500 per month, or a total of MOP$18,000 per year, to Macao permanent residents, for their infants and young children under the age of three.
The birth allowance will be adjusted to MOP$6,500, to strengthen the financial support for families with newborns and to encourage parenthood. The marriage allowance has been increased to MOP$2,220. A limited subsidy programme for residents has already been launched to provide free-of-charge medically-assisted reproductive services.
share on
