Legal System Of Macau Tax Collection And Management Research

In this paper, I try to analyze the legal system related to the tax exaction management in Macao. The Macao taxation system is mainly adopted from Portugal with various revisions. After Macao reunification with the Mainland, there has been increasing demand for drastic amendment of the taxation system, thus simplifying and making it more equitable. Furthermore, the legal system of different taxes is not standardized and with many loopholes. This leads to serious tax avoidance and/or evasion, which jeopardize the healthy functioning of the economy. Therefore, it is vital to analyze the legal system related to tax exaction management. This paper is composed of five parts. In the first part, I will introduce the concept and function of taxation system. Then, I will discuss the content of tax exaction management and its importance. It is followed by the introduction and comparison of various tax administration systems in deferent countries. In the fourth part, I will focus on the Macao taxation system, including the existing problems in its administration. Lastly, through the comparison of the Macao taxation system with those of the rest of the world, I will put forward proposal for amendment of the legal system, so as to improve the existing Macac tax administration. In this paper, we have found that Macao has been relying heavily on the tax revenue received from the franchise business, particularly the entertainment and gambling sector. Meanwhile, the tax administration of other kinds of tax has been ignored and whose standard has been lagging far behind those of other countries. Tax avoidance and/or evasion has been a common phenomenon in Macac. Therefore, 11 believe that under the new political and economic environment, there is a need to revise and improve the existing Macac tax administration framework, and devise a new uniform ax Exaction Management Law? The new law should emphasize the strengthening of its implementation, increase the penalty, extend the authority of the executing civil servants, increase right protection for the taxpayers, and should also include aspects to regulate the e-commerce business.