Incentives & Taxes

FAVORABLE TAX ENVIRONMENT

The Republic of North Macedonia has a very favorable tax environment with one of the lowest corporate income tax rates in the world. In addition, North Macedonia has several Investment Zones with 10 years tax holidays for corporate profits, employment income, VAT, customs duties and others.

Personal income tax: 10%

Corporate income tax: 10%

General VAT rates: 18%

Taxes, Customs and other Incentives

  • 10 YEAR TAX HOLIDAY – Investors in the free zones are entitled to a 10-year tax holiday for profit and corporate tax and 100% reduction of personal income tax for a period of up to 10 years. Investors are exempt from payment of value added tax for import and trade of goods in the free zones. Additionally, investors are exempt from payment of customs duties for equipment, machines and spare parts.
  • The land in the free zones in Republic of North Macedonia is available under long-term lease for a period of up to 99 years at concessionary prices.
  • Investors are exempt from paying utility taxes to the local municipality, and fees for land building permits.
  • Free connection to natural gas, water and sewage network.
  • The Government may support growth of capital investments and income with a return of 10% of investment costs in new machines and equipment, or investment in buildings and land.
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