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.
Reinvested Profit
- Economy name
- North Macedonia
- ID
- N44
- Incentive name
- Reinvested Profit
- Brief description
- The CIT Law introduces a possibility for decreasing the tax base for the year for the amount of profit reinvested for development purposes of the local taxpayer. The amounts from the reinvested profit that would be recognised for the purposes of the above tax relief cover investments both in tangible and intangible assets, except for some explicitly listed types of assets intended for administrative purposes.
- 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 28
The tax base is for the amount of investments made from the previous year (reinvested profit). (2) Under reinvested profit from the percentage (1) of this article, investment investments from the profit for development as a whole, such investments in tangible assets (real estate, plants and equipment), and in intangible software (computer and patents) for the expansion of the activity of the taxpayer, except for investments in passenger cars, furniture, carpets, audio-visual equipment, white goods, works of art from the fine and applied arts and other investments that serve administrative purposes.
- Incentive group
- Financial
- Incentive category
- Corporate Income tax (CIT)
- 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 - In order to be able to utilise the above tax relief, the taxpayers must maintain ownership over the assets purchased with the reinvested profit for a period of five years as of the day of their purchase. If the taxpayer sells the assets before the expiration of the five-year period, the taxpayer owes the respective CIT.
- Eligibility criteria
weblink
- Awarding Authority (Name)
- Public Revenue Office
- Application procedure + Weblink (where available)
- /
- Implementing Authority (Name)
- Public Revenue Office