WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Foreign Tax Credit
- Economy name
- North Macedonia
- ID
- N43
- Incentive name
- Foreign Tax Credit
- Brief description
- The taxpayer is allowed a tax credit for the tax paid on foreign income abroad, up to the amount of tax payable for that income in North Macedonia. However, a tax credit for the WHT paid abroad is allowed only if a double tax treaty (DTT) is in place and in case the of North Macedonia company obtains proof for the amount of tax paid in the foreign economy.
- Legal reference name
- Law On Profit Tax Official Gazette of SerbiaM, No. 112/14, 129/15, 23/16, 190/16, 248/18, And Rsm Official Gazette, No. 232/19, 275/19, 290/20, 151/21 And 199/23 Of 09/25/2023
- Legal reference
law section / article -
Article 37
(1) The obligor - a resident of the Republic who received what was achieved by working abroad paid a tax in another economy that is considered a tax in the economy for the amount of the profit tax abroad, and at most up to the amount of the tax that would have been received with application of the 10% tax bracket. (2) The taxpayer who earns income abroad, submits appropriate proof of the tax paid by the competent tax authority of the state.
- Incentive group
- Financial
- Incentive category
- Other Tax
- Economy-wide/Sector-specific
- Economy-wide
- Sector (Simplified)
- All sectors
- Sector (NACE)
- N/A
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Increase competitiveness
- In case of grant, share of grant in investment (in %)
- /
- Contact Info
-
Administration for Public Revenues / General Directorate Skopje
Kuzman Josifovski-Pitu Blvd. 1, 1000 Skopje
tel. 02/3299 500; fax 02/3281 010
Info center 0800 33 000 and 02/3253 200
e-mail: info@ujp.gov.mk
- Weblink to Incentive information in English
- Weblink to Incentive information in local language
- Eligibility criteria
description - The obligor - a resident of the economy who received what was achieved by working abroad paid a tax in another economy that is considered a tax in the economy for the amount of the profit tax abroad, and at most up to the amount of the tax that would be received by applying the tax 10% group.
- Eligibility criteria
weblink
- Awarding Authority (Name)
- Public Revenue Office
- Application procedure + Weblink (where available)
- /
- Implementing Authority (Name)
- Public Revenue Office