On 1 July 2020, Macau published Chief Executive Notice No. 19/2020 in the Official Gazette, which provides for the ratification of the pending income tax arrangements with Hong Kong. The arrangement, signed by Hong Kong on 22 November 2019 and by Macau on 25 November 2019, is the first of its kind between the two jurisdictions.

Taxes Covered

The arrangement covers Hong Kong profits tax, sal…