Tax authorities
Ministry of Finance
Mito Hadzivasilev Jasmin b.b, 1000 Skopje
Republic of Macedonia
Tel: +389 2 3117-288
Fax: + 389 2 3117-280
Email: finance@finance.gov.mk
Website: www.finance.gov.mk
Tax rates at a glance
(As of June 2012)
| Corporate income tax rate |
10% (a) |
| Capital gains tax rate |
10% (b) |
| Retained Earnings tax rate |
0% |
| Branch tax rate |
10% |
| |
| Withholding tax (c) |
|
| Dividends |
10% |
| Interest |
10% |
| Royalties |
10% |
| Branch remittance tax |
0% |
| |
|
| Net Operating Losses (years) |
|
| Carry back |
Not allowed |
| Carry forward |
Not allowed |
- Companies operating in Technological-Industrial Development Zones are exempt from corporate income tax for the first 10 years.
- Taxes are levied on 70% of capital gains. Non-residents are not subject to capital gains tax. No capital gains tax on asset or share sales for corporate taxpayers.
- Subject to changes when a double tax treaty is in effect.
Source: Professionals from Eurofast Global Limited, FYR Macedonia
FYR Macedonia
Elena Kostovska
Eurofast Global
Macedonia
Changes to profit tax rules and an expansion of its double tax treaty network are ensuring that FYR Macedonia remains attractive to foreign direct investment, believes Elena Kostovska of Eurofast Global
[Show full article]