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INTRODUCTION

Macau, officially known as the ‘Macao Special Administrative Region’ of the People's Republic of China, is an autonomous territory on the western side of the Pearl river estuary in East Asia. Under the formula "One country, two systems", China's socialist-economic system is not practiced in Macau, and Macau enjoys a high degree of autonomy in all matters for 50 years from December 20, 1999, except for foreign and defense affairs.

Macau's economy is based on tourism, gaming, export-geared textile and garment manufacturing, banking and other financial services.

Macau's currency is the Macanese Pataca (MOP).

Abbreviations:

CIT Corporate Income Tax / Complementary Tax
FZC Free Zone Company
IPIM Macau Trade and Investment Promotion Institute
Lda. Private Company / Limitada
MOP Macanese Pataca
NIF / TIN Tax Identification Number
S.A. Public Company / Sociedade Anonima
PE Permanent Establishment
SC Limited Partnership / Sociedade em Comandita / S.C.A.
SEZ / FTZ Special Economic Zone / Free Trade Zone
SNC General Partnership / Sociedade em Nome Colectivo
WHT Withholding Tax