Setting up a Business
Taxes, Customs and other Incentives
• 10 YEAR TAX HOLIDAY - Investors in the free zones are entitled to profit tax exemption and 100% reduction of personal income tax for a period of up to 10 years, so that the effective rate of personal income tax will amount to 0%. Investors are exempt from payment of value added tax for goods, raw materials, and equipment. Additionally, investors are exempt from payment of customs duties for equipment, machines and spare parts.
• The land in the free zones in Macedonia is available under long-term lease for a period of up to 99 years at concessionary prices.
• Investors are exempt from paying utility taxes to the local municipality, and fees for land building permits.
• Free connection to natural gas, water and sewage network.
• The Government of the Republic of Macedonia may participate up to €500.000 in the construction costs of the investor in the free zone depending on the number of new employees and investment amount.
|PRODUCTS||RATE IN THE ZONE||RATE OUTSIDE THE ZONE|
|Equipment, machines and spare parts||0%||5% - 20%|
|TAX||RATE IN THE ZONE||RATE OUTSIDE THE ZONE|
|Corporate Tax||0% up to 10 years||10%|
|Personal Income Tax||0% up to 10 years||10%|
|Value Added Tax||0%||18%|
|Excise Tax||0%||5% - 62%|