Macedonia recently changed its name to North Macedonia (Republic of North Macedonia), but the people and language are still referred to as Macedonian. North Macedonia has a population of more than 2 million people and key industries including agriculture, mining, and manufacturing. The standard corporate tax rate is 10%, and the tax year corresponds to the calendar year. Tax returns must be filed by February of the following year.

Labor and Payroll considerations:

  • Minimum wage is 14,500 MKD per month ($255 USD)
  • Employers must register new employees for social security, insurance, and the healthcare fund
  • Social security contributions are withheld from employee pay, and income tax is deducted from the salary remaining after the social security deduction
  • Payslips must be provided monthly
  • Employment contracts must be in writing
  • If hiring foreign workers, employer must apply for a work permit on the employee’s behalf. Employers must try to fill the position locally before hiring a foreign worker

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