Happy taxman


The amount of gaming taxes collected by the Macau Government in the first eight months of this year has increased by 17.2 per cent year-on-year to almost MOP60.56 billion, data released by the Financial Services Bureau (DSF) reveals.
The total amount of government revenue between January and August amounted to MOP73.73 billion, with gaming taxes representing 82.1 per cent of the total.
Between January and August the local gaming sector generated MOP172.01 billion, a 19.1 per cent yearly increase, with the local government imposing an effective gaming tax of 39 per cent; 35 per cent are direct taxes, while the remaining 4 per cent is levied for community support.
Revenue received by the MSAR Government in the first eight months of this year increased by 16.1 per cent yearly when compared to the same period of last year.
The surplus registered by the Macau Government between January and August posted a considerable increase of 63.5 per cent year-on-year to reach MOP29.39 billion, with the government registering a 2.6 yearly decrease in expenses to MOP44.34 billion.