iCalculator™ MK: North Macedonia Tax Calculators

Welcome to iCalculator™ MK, your comprehensive suite of free tax calculators for North Macedonia. iCalculator™ has provided free tax calculators for North Macedonia since 2019. Since those early days we have extended our resources for North Macedonia to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The North Macedonia Tax Calculator and salary calculators within our North Macedonia tax section are based on the latest tax rates published by the Tax Administration in North Macedonia. In this dedicated Tax Portal for North Macedonia you can access:

North Macedonia Tax Calculator 2024/25

The North Macedonia Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in North Macedonia. This includes calculations for

1. Employees in North Macedonia to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in North Macedonia.

Discover North Macedonia

North Macedonia is nestled in the heart of the Balkan Peninsula in Southeast Europe, bordered by Kosovo to the northwest, Serbia to the north, Bulgaria to the east, Greece to the south, and Albania to the west. This strategic location has made it a crossroads of various civilizations throughout history, contributing to its rich cultural mosaic. North Macedonia's landscape is characterized by picturesque mountains, valleys, and rivers, including the famous Lake Ohrid, one of the oldest and deepest lakes in Europe, known for its unique biodiversity.

The economy of North Macedonia is diverse, with key sectors including agriculture, textiles, automotive parts, and technology. Agriculture has traditionally been a cornerstone of the economy, with the country producing a variety of crops and livestock. The fertile soil and favorable climate allow for the cultivation of grapes, tobacco, vegetables, and fruits, making North Macedonia one of the region's leading producers of wine and tobacco.

In recent years, North Macedonia has seen significant growth in its industrial sector, particularly in the production of textiles, automotive parts, and IT services. The government has implemented policies to attract foreign investment, including free economic zones offering tax exemptions and subsidies for investors. This has led to an increase in manufacturing plants and export-oriented industries, contributing to the country's economic growth and employment.

Tourism is another growing sector, with North Macedonia's natural landscapes, historical sites, and cultural festivals attracting visitors from around the globe. The country's commitment to preserving its rich heritage, combined with its natural beauty, offers a unique tourism experience, from exploring ancient ruins and historic towns to enjoying outdoor activities in its national parks.

The cultural heritage of North Macedonia reflects influences from the Byzantine and Ottoman empires, evident in its architecture, music, art, and cuisine. The country is known for its traditional music and dance, religious festivals, and delicious culinary specialties, which blend Mediterranean and Balkan flavors.

Despite facing challenges such as high unemployment rates and the need for further economic reforms, North Macedonia continues to make strides towards economic development and integration into European markets. The country's strategic location, combined with ongoing investments in infrastructure and business-friendly policies, positions North Macedonia as a promising economy in the Balkans.

For more information on neighboring countries and their economic profiles, visit Albania, Greece, Bulgaria, Serbia, and Kosovo.

Tax overview of North Macedonia

The taxation system in North Macedonia is designed to support economic growth, attract investment, and promote business development within the country. It features a blend of direct and indirect taxes, including personal income tax, corporate income tax, value-added tax (VAT), and various customs and excise duties. The system is structured to be competitive within the region, offering incentives for both local and foreign investors.

Personal income tax in North Macedonia is levied on the income of individuals, including salaries, business income, and investment earnings. The system is designed to be progressive, ensuring fairness and equity in the tax obligations of individuals. Corporate income tax applies to the profits of companies operating in North Macedonia, with a rate that is intended to be competitive to attract and retain business investments.

VAT is a significant component of North Macedonia's indirect taxation system, applied to most goods and services at the point of sale. The VAT system includes standard and reduced rates, depending on the type of goods or services, with certain exemptions aimed at reducing the tax burden on essential items. Customs and excise duties are also levied on specific goods imported into the country, contributing to the national revenue while regulating the market for certain products.

North Macedonia's tax system includes several incentives for investment, particularly in technological development, export-oriented industries, and areas with high unemployment. These incentives may include tax credits, reduced tax rates, and exemptions designed to stimulate economic activities and job creation. The country has established free economic zones where businesses can benefit from additional tax advantages and simplified procedures.

To ensure compliance and simplify the tax administration process, North Macedonia has invested in digitalizing its tax services, making it easier for taxpayers to file returns, make payments, and access tax information. This modern approach to tax administration is aimed at increasing transparency, reducing bureaucracy, and enhancing the efficiency of tax collection.

The taxation policy in North Macedonia reflects the country's commitment to creating a favorable business environment, encouraging investment, and fostering economic development. By maintaining a competitive tax regime and offering incentives for investment, North Macedonia aims to position itself as an attractive destination for business in the Balkan region.

For individuals and businesses looking to navigate the tax landscape of North Macedonia, understanding the latest tax laws and regulations is crucial. A comprehensive suite of tax tools and resources is available to assist with tax planning and compliance. For more information and access to the latest tax tools and tables, visit our tax hub, featuring essential resources for effective tax management.