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14.5. Interest and Penalties

Failure to submit, or inaccuracy or omissions in filed tax returns may result in a fine of MOP 100 to MOP 10,000. If the failure, inaccuracy or omission is verified to be deliberate, a fine of MOP 1,000 to MOP 20,000 may be imposed.

In the case of repetition of the offence, the fine is doubled. It is considered to be a repetition if a taxpayer has been liable to a fine for an illegal conduct and has committed the same act of infringement within 18 months.

Fines may be reduced by half of the specified amount, if taxpayer voluntarily reveals his transgression.