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INVESTMENT INCENTIVES


0% tax on retained earnings

As of 2009, new amendments to the Profit Tax Law have been made, keeping the main principle of the law unchanged, with only the distributed part of profits being taxed. The Macedonian corporate tax rate on gross distributed profits remains 10%.

Profit Tax Law explained.
 
10% flat corporate and personal income tax

With the recent economic reforms, Macedonia has created the most attractive tax package in Europe.

* Flat rate

 Source: Taxes at a Glance 2010, PricewaterhouseCoopers


* Flat rate

Source: Taxes at a Glance 2010, PricewaterhouseCoopers

For more information click here.


Competitive labor at €488/month avg gross salary



Source: The Vienna Institute for International Economic Studies (wiiw) and calculations of the data from The Vienna Institute for International Economic Studies (wiiw)


Access to 650 million customer base

Macedonia is a signatory of three multilateral Free Trade Agreements:

- SAA (Stabilization and Association Agreement) with the EU member-states;
- EFTA (Switzerland, Norway, Iceland and Liechtenstein), and
- CEFTA (Macedonia, Albania, Moldova, Croatia, Serbia, Montenegro, Bosnia and Herzegovina and Kosovo).

Bilateral Free Trade Agreements are signed with Turkey and the Ukraine.


Foreign entities can directly buy/lease land    

Foreign companies and foreign citizens can directly own construction land in Macedonia, according to the newly adopted Law on Construction Land (Official Gazette of the Republic of Macedonia No. 82/08 from 08.07.2008).

Construction land is alienated through a public tender procedure. Minimum bidding prices are set by the Ministry of Transport and Communications in compliance with the Construction Land Price Determination Methodology.
 
For more information click here.

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RELATED RESOURCES


RELATED LINKS


Ministry of Finance

State Statistical Office