Tax Reliefs — What exemptions exist for businesses
A tax relief is a legal provision reducing or eliminating a business's tax obligation. The goal is to encourage investment, employment or development in specific sectors and regions.
Definition
A tax relief is a legal provision reducing or eliminating a business's tax obligation. The goal is to encourage investment, employment or development in specific sectors and regions.
Details
Main reliefs in MK: TIDZ (0% corporate tax for 10 years), reinvested profit in production, employment of persons with disabilities (tax credit), donations up to 5% of revenue, VAT exemption for exports (0%). Each relief has specific documentation and conditions.
Example
Company in TIDZ Skopje 1: 0% corporate tax for 10 years. Profit 2M MKD → tax 0 MKD (instead of 200K MKD). After 10 years → standard 10%.