With the recent economic reforms, Macedonia has created the most attractive tax package in Europe. These reforms include introduction of flat tax rate of 10% for corporate and personal income, which simplify the tax system and stimulate successful companies to further improve operations and increase profitability.
Corporate Income Tax |
10% |
Personal Income Tax Value |
10% |
Value added Tax |
General Tax Rate: 18%
*Preferential Tax Rate: 5% |
Property Taxes |
|
Property Tax |
0,1%-0,2% |
Inheritance and Gift Tax |
**2 - 3% or 4 - 5% |
Sales Tax on Real Estate and Rights |
0,2%-0,4% |
Labor costs:
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Salaries are defined by collective bargaining agreements
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The average gross monthly salary in June 2013 is €503 (source: State Statistical Office). This amount includes the net salary, personal income tax and social contributions for pension and disability insurance, health insurance and employment insurance.
Social security contributions:
Construction Costs:
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The average cost of constructing a factory building shell is around €200-230 per m2
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Currently, the initial price of the public bidding for sale of unused construction land starts with 1 Euro per square meter throughout the country