Understanding corporate income tax and other business taxes in North Macedonia is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, including VAT, personal income tax, social security contributions, and property tax. It is advisable to consult with a tax professional or refer to the official website of the Public Revenue Office (PRO) for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with North Macedonian tax laws and contribute to the growth and development of the country's economy while taking advantage of the opportunities available in this emerging market.
Corporate Income Tax:
North Macedonia imposes corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in North Macedonia is a flat rate of 10%. This rate applies to both resident and non-resident companies engaged in commercial, industrial, or professional activities in the country.
Types of Business Taxes in North Macedonia:
- Value Added Tax (VAT): North Macedonia operates a Value Added Tax (VAT) system. The standard VAT rate in North Macedonia is currently set at 18%. Certain goods and services may be subject to reduced rates of 5% or even zero-rated, while specific items may be exempted from VAT.
- Personal Income Tax: While not directly a business tax, it is worth mentioning that individuals in North Macedonia are subject to personal income tax on their earnings. The personal income tax rates in North Macedonia are progressive, ranging from 10% to 18%, depending on income levels.
- Social Security Contributions: Employers and employees in North Macedonia are required to make social security contributions. These contributions fund various social security benefits, including healthcare, pensions, and unemployment benefits. The rates for social security contributions vary based on the employee's salary and specific circumstances.
- Property Tax: Property owners in North Macedonia are subject to property tax, which is levied on the ownership of real estate properties. The tax rate varies depending on the location, type, and value of the property.
North Macedonian Tax Authority Website:
For comprehensive and up-to-date information on business taxes in North Macedonia, it is recommended to visit the official website of the Public Revenue Office (PRO), which is the tax authority responsible for tax administration in the country.
Public Revenue Office (PRO) Website: Official Public Revenue Office (PRO) Website
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