Personal Taxes

N. Macedonia to scrap personal earnings tax in IT sector by 2023

SKOPJE (N. Macedonia), February 2 (SeeNews) – North Macedonia plans to remove personal income tax for workers in the IT sector by 2023 to help alleviate staff shortages in the industry, prime minister Dimitar Kovachevski said on Wednesday.

The planned change is expected to stimulate younger people to choose careers in the IT sector where more workers are needed each day, Kovachevski said in a press release.

Currently, North Macedonia levies a flat tax of 10% on personal income in all sectors of the economy.

North Macedonia also plans to introduce other incentives for the IT industry by 2023, such as tax exemption for retraining, training and in-company training, as well as tax exemption on expenses incurred for licenses, according to the press release.

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