Macedonia: Living There - Tax Issues
Country Rating » 
In Depth
- Overview
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Buy/Sell Costs
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Living There
INDIVIDUAL TAXATION
Residents are liable to pay taxes on their worldwide income. Individuals who have a permanent dwelling or are present in the country for more than 183 days in a year are considered residents.
INCOME TAX
Residents in Macedonia are liable to pay income tax at a flat rate of 12%. In computing the tax liability, expenses incurred in the generation of income are deductible. The personal allowance of MKD 36,768 (€597) may also be deducted from the gross income.
Capital Gains
Capital gains from the sale of real estate property are taxed as ordinary income at the 12% rate. Capital gains are calculated as selling price less acquisition costs, maintenance costs and depreciation. The tax is then levied on 70% of the calculated capital gain. Capital gains realized on real estate property after an ownership period of 3 years are exempt from taxation.
Macedonia - more data and information
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!