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Macau tax income first 9 months of 2020 plunge MOP60 Billion

The Macau Authorities collected 23.41 billion patacas within the first 9 months of the yr in direct taxes on playing, accounting for a 60 billion pataca year-on-year decline, based on official figures launched by the Monetary Companies Bureau.

The overall income amounted to 78.18 billion patacas, 40 billion of which have been allotted from the SAR’s fiscal reserve to cowl the administration’s bills, which till September have been 61.87 billion patacas.

Earlier this month, Chief Government Ho Iat Seng introduced plans to inject an extra 20 billion patacas to cowl the area’s bills by the tip of the yr.

Macaubusiness

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