Personal Taxes

The authorities of North Macedonia will exempt from personal earnings tax the earnings of staff of the IT sector

ZAGREB, 2 February. /Then24/. The Government of North Macedonia plans to exempt IT employees from personal income tax within a year. This was announced on Wednesday by the Prime Minister of the Republic Dimitar Kovachevski, according to the official website of the Cabinet.

“By 2023, we expect a reduction in personal income tax in the information technology sector from the current 10 percent to 0 percent, which will significantly motivate young people to make their choice in favor of this sector, which requires more workers every day,” said Kovachevsky. He clarified that in addition to changing the tax rate, such incentive measures as preferential conditions for retraining and on-the-job training in the field of IT are envisaged.

The prime minister emphasized the importance of developing information and communication startups and noted that additional funds would be allocated for the development of the sector in 2022. “Financial support from the state to promising companies and start-ups in the field of ICT will continue and increase,” he assured.

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