Content Group 5 of North Macedonia
Country Content
- Value Added Tax: 18%
- Corporate Income Tax: 10%
Source: Ministry of Finance, North Macedonia
Important Updates to Taxation Information
As of January 1, 2020, a new tax on vehicles was introduced. The tax applies to passenger cars and other motor vehicles designed primarily for the transportation of people, including motorcycles, pickup vehicles, as well as vans for combined transportation of people and goods. The new law is subject to only new and used motor vehicles that are imported or are put into use in the country for the first time. This law does not cover freight motor vehicles and exclusively electrically driven vehicles.
Business Taxes
Type of Tax | Tax Rate and Base |
| Corporate Income Tax | - 10% |
| Withholding Tax | Dividends, interest and royalties are all taxed at 10% |
| Social security contributions (all employers) | - Pension and disability insurance: 18.8% - Health insurance: 7.5% - Employment insurance: 1.2% - Additional health insurance: 0.5% |
| VAT/GST (standard) | 18%; a reduced rate of 5% applies to certain categories of goods |
| Property Tax | Proportional and range from 0.10-0.20% |
| Transfer Tax | Proportional and range from 2-4% |
| Customs duties | - Up to 31% for agricultural products - Below 23% for industrial products |
| Excise duty for passenger motor vehicles | 0% for vehicles valued up to EUR3,000 to 18% for vehicles valued above EUR30,000 |
Source: Ministry of Finance, North Macedonia
Date last reviewed: March 3, 2020
Country Title
Taxation – 2020