Macedonia, FYR

Ease of Doing Business in

Macedonia, FYR

This page summarizes Doing Business 2015 data for the former Yugoslav Republic of Macedonia. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category Upper middle income
Population 2,107,158
GNI Per Capita (US$) 4,800
City covered Skopje
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
30 31 down 1

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
74.11 72.67 down 1.44
Positive=Doing Business reform making it easier to do business. Negative=Change 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 2015 Rank 7 DB 2014 Rank*** 38 Change in Rank up31
DB 2015 DTF** (% points) 94.17 DB 2014 DTF** (% points) 81.95 Change in DTF** (% points) up12.22
Indicator Macedonia, FYR Europe & Central Asia OECD

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

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Payments (number per year)
7.0 20.5 11.8

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

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Time (hours per year)
119.0 234.3 175.4

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

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Profit tax (%)
5.5 10.4 16.4

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 21.4 23.0

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 (%)
1.9 3.1 1.9

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)
7.4 34.9 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 1 online filing 19 10% add backs, distributed profit and increase of share capital 5.46
Property transfer tax 1 3% sale price 1.82
Municipal fee 1 MKD 8,000 fixed fee 0.06
Property tax 1 0.1% land value 0.05
Value added tax (VAT) 1 online filing 44 18% value added 0.00 not included
Fuel tax 1 included into fuel price 0.00 small amount
Employee paid - Social security contributions 1 online filing 56 27% gross salaries 0.00 withheld
Totals: 7.0 119.0 7.4

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

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

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