As previously reported, Macau published Law No. 24/2024 in the Official Gazette on 30 December 2024, which approved a new Tax Code, as well as amendments to existing tax regulations, which generally entered into force on 1 January 2026. Among other things, one of the key changes is the addition of new transfer pricing rules, which were later regulated through Administrative Regulation No. 11/2025, the Transfer Pricing Regulation, which was published on 25 August 2025 and also entered into f…