Gov’t to refund MOP683 mln income tax from 2015

The Financial Services Bureau (DSF) announced the Occupational Tax Refund Scheme for 2015 will start today until April, via which a total of MOP683 million (US$85.3 million) will be returned to some 144,200 income taxpayers of the MSAR. The amount of tax refund represents an increase of 9.9 per cent from one year ago. According to the official information, some 20.9 per cent of the taxpayers eligible for the tax refund were civil servants, which amounted to some 30,000. The tax refund amounts to 60 per cent of income taxpayers’ 2015 contribution to a ceiling of MOP12,000. Some 18,300 taxpayers reached this ceiling for 2015, according to DSF.