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Personal Income Tax

Income Tax 0  © photocase.com/Diddi

© photocase.com/Diddi

1. December 2009

THE FREE ECONOMIC ZONES IN MACEDONIA NOW OFFER 0% PERSONAL INCOME TAX


The recent change in the Law on the Technological Industrial Development Zones (TIDZs) has resulted in 0% personal income tax for the first ten years in the TIDZs.

This change equalizes personal income tax and profit tax, completely freeing investors for ten years. In addition to the already existing terms and advantages that are already offered to potential investors in the zones, this change represents yet another significant improvement that has been made.

Prior to the change in the Law on TIDZs, investors were expected to pay 5% personal income tax for the first five years

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