The Republic of North Macedonia have one of the most attractive tax package in Europe, which simplify the tax system and stimulate successful companies to further improve operations and increase profitability.
|TAX DUTIES||TAX RATE||DESCRIPTION|
|PERSONAL INCOM TAX||10 % – 18 %||a personal income tax rate of 18% will be applied to the portion of the tax base exceeding MKD90,000 per month (MKD1,080,000 a year). The amount up to MKD90,000 per month will continue to be taxed with 10%. Effectively, the tax reform introduces an additional tax bracket taxed with extra 8% for the part of the income exceeding MKD90,000 per month.|
|PROFIT TAX- CORPORATE INCOME TAX||10%|
|VALUED ADDED TAX|
– general tax rate of 18%
–preferential tax rate of 5%.
|Preferential tax rate of 5% is applied in the sales / import at: more on the link : http://www.ujp.gov.mk|
|PROPERTY TAX||0.1% – 0.2%|
|INXARANCE AND GIFT TAX||2 – 3% or 4 – 5%||2-3% for the tax payer in the 2nd order of succession and 4-5% for the tax payer in the 3rd order of succession or not related to the testator|
|SALES TAX ON REAL ESTATE AND||2 – 4%||The amount of the rates is determined by a decision by the municipality and the Municipal Council of the city of Skopje.|
|CUSTUM DUTIES between 5% – 20%|
For the equipment necessary to conduct the activities of the company, unused equipment and
spare parts (except cars and office furniture) can be imported duty free. For companies in the
Technological Industrial Development Zones, this includes used equipment as well.
* TAX RATES – DOUBLE TAXATION AVOIDANCE TREATIES
If the foreign legal entity (the income recipient), is a resident of the country by which the Republic of North Macedonia has concluded an Double Taxation Avoidance Treaty in relation to the income taxes and capital, then the tax rate for that income assessed in the Law should not exceed the tax rate which is applied for the income determined in the Agreement.
List of countries that has signed Agreement for avoiding double taxation http://www.ujp.gov.mk/en/plakjanje/category/137