North Macedonia offers a highly favorable tax environment, featuring one of the lowest corporate income tax rates in the world. In addition, the country has several Technological Industrial Development Zones (TIDZs) where investors benefit from extensive tax and customs incentives, including:
Personal Income Tax: 10%
Corporate Income Tax: 10%
General VAT Rate: 18%
10-Year Tax Holiday
Investors operating within the free economic zones are entitled to a 10-year tax holiday on profit tax and corporate income tax, along with a 100% exemption from personal income tax for up to 10 years.
They are also exempt from:
Value-added tax (VAT) on imports and trade of goods within the zones
Customs duties for imported equipment, machinery, and spare parts
Additional Incentives
Land within the zones is available under a long-term lease of up to 99 years at concessionary rates
Exemption from utility taxes and building permit fees payable to local municipalities
Free connection to natural gas, water, and sewage infrastructure
Capital Investment Support
The Government may provide financial support for capital investments, offering up to 10% reimbursement of eligible investment costs in new machinery, equipment, buildings, or land.