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Expatriate Management
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Taxation

INDIVIDUAL TAXATION
Foreigners are liable to pay taxes only for their income from Macedonian sources. Personal allowances are not available to non residents.Income is taxed at a flat rate of 10%. The taxable base depends on which kind of income is being taxed, as the rules for deducting expenses vary with the categories.

RENTAL INCOME
Rental income is also taxed at a rate of 10%. Expenses and depreciation costs caused in generating the income are deductable. Alternatively, deductable allowances of 25-30% of the rent could be granted for persons paying gross rents (ex. Factory).

CAPITAL GAINS
Capital gains from the sale of real estate property are taxed as ordinary income at the 10% rate. Capital gains are calculated as selling price less acquisition costs and incidental transaction costs. The tax is levied on 70% of the calculated capital gains.

PROPERTY TAXATION (REAL ESTATE TAX)
The owner of the property is generally liable to pay the tax, but in the case of a rental agreement, the tenant is the one liable. The rates are determinate by the municipalities and range from 0,10% to 0,20%. Real estate tax is levied on the market value of the property.

CORPORATE TAXATION (INCOME TAX)
Corporate income and capital gains are taxed at a flat rate of 10%. Expenses incurred in the generation of income are deductible when calculating the taxable income.
co.systems
consulting GmbH


Tel
+43 (1) 89 22 544
+43 (1) 30 88 133

Fax
+43 (1) 30 88 144

Email
office@expat-management.at