looking beyond borders...
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 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 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.
+43 (1) 89 22 544
+43 (1) 30 88 133
+43 (1) 30 88 144