Macedonia, FYR

Ease of Doing Business in

Macedonia, FYR

This page summarizes Doing Business 2014 data for the former Yugoslav Republic of Macedonia. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Europe & Central Asia
Income Category Upper middle income
Population 2,105,575
GNI Per Capita (US$) 4,690
City covered Skopje
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
25 36 down 11

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
74.12 70.97 down 3.15
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Paying Taxes

Info

This data shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.

DB 2014 Rank 26 DB 2013 Rank*** 24 Change in Rank down-2
DB 2014 DTF** (% points) 80.09 DB 2013 DTF** (% points) 80.09 Improvement in DTF** (% points) 0.00
Indicator Macedonia, FYR Europe & Central Asia OECD

The total number of tax payments per year. The indicator reflects the total number of taxes and contributions paid, the method of payment, the frequency of payment and the number of agencies involved for a standardized case during the second year of operation.

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Payments (number per year)
29 26 12

The time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year).

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Time (hours per year)
119 246 175

The amount of taxes on profits paid by the business as a percentage of commercial profits.

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Profit tax (%)
6.3 9.0 16.1

The amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits.

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Labor tax and contributions (%)
0.0 22.6 23.1

The amount of taxes and mandatory contributions paid by the business as a percentage of commercial profit that are not already included in the categories of profit or labor taxes.

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Other taxes (%)
2.0 7.0 2.0

The total tax rate measures the amount of taxes and mandatory contributions payable by the business in the second year of operation, expressed as a share of commercial profits.

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Total tax rate (% profit)
8.2 38.7 41.3
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 12 19 10% add backs, distributed profit and increase of share capital 6.3
Property transfer tax 1 3% sale price 1.8
Property tax 1 0.1% land value 0.1
Municipal fee 1 MKD 8,000 fixed fee 0.1
Value added tax (VAT) 12 44 18% value added .. not included
Fuel tax 1 included into fuel price .. small amount
Employee paid - Social security contributions 1 online filing 56 27% gross salaries .. withheld
Totals: 29 119 8.2

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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