The tax registration of Macao companies will cancel the annual examination, which will be further reflected in the business registration. According to article 19-A of the newly revised Macao Business Registration Code, if the business registration of a Macao company has been cancelled, the Finance Bureau shall notify the Macao Commercial and Movable Property Registration Bureau, the registration organ of the Macao company, through computer networking, so that it can handle the cancellation registration ex officio.
Macao's business registration has always followed the principle of passive registration, that is, the registration of any matter needs to be carried out at the request of the parties. This principle has led to the cancellation of tax registration of a considerable number of Macao companies due to their failure to perform tax declaration procedures normally. This revision of the Business Registration Code eliminates this loophole and further improves the registration system of Macao companies.