North Macedonia Tax Tables 2024 - Tax Rates and Thresholds in North Macedonia

This page contains the tax table information used for the calculation of tax and payroll deductions in North Macedonia in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ MK, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for North Macedonia or would like to add to or suggest amendments to the information herein then please contact us.

North Macedonia Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in North Macedonia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the North Macedonia Tax Calculator 2024.

North Macedonia provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in North Macedonia in 2024:

In North Macedonia, social security contributions made by employees are deductible from their gross income for the purposes of calculating taxable income. This means that the amounts contributed towards social security by employees can reduce their taxable base, potentially lowering the amount of personal income tax owed. This provision allows employees to benefit from their contributions to the social security system while also enjoying a reduction in their tax liability, supporting the overall goal of promoting financial security and welfare for the workforce.

North Macedonia Social Security and Payroll Deduction Rates in 2024

In North Macedonia, the social security system plays a crucial role in providing financial security and welfare benefits to employees and their families. Both employers and employees contribute to this system, which covers a wide range of benefits including pension, health insurance, unemployment insurance, and injury and disability insurance. These contributions ensure that workers have access to essential services and support throughout their careers and into retirement.

Pension insurance contributions fund the retirement benefits for employees, providing them with a source of income upon reaching the age of retirement. This system is designed to support individuals in their later years, reflecting the country’s commitment to ensuring a dignified and secure retirement for all workers.

Health insurance contributions are allocated to the national healthcare system, offering employees and their families access to medical care, hospital services, and prescription medications. This ensures that all citizens have access to quality healthcare services, contributing to the overall health and well-being of the population.

Unemployment insurance contributions provide financial assistance to individuals who are temporarily out of work. This support helps unemployed workers cover their living expenses while they search for new employment, offering a safety net during periods of job transition.

Injury and disability insurance contributions fund benefits for employees who suffer from work-related injuries or disabilities. These benefits include medical care, rehabilitation services, and financial support, ensuring that workers who are injured or disabled on the job receive the necessary care and assistance to recover and return to work, if possible.

Additionally, there are contributions toward maternity and family benefits, supporting employees during maternity leave and providing financial assistance for families with children. This aspect of the social security system is designed to help employees balance their work and family responsibilities, promoting the well-being of families and children.

Employers in North Macedonia are responsible for withholding the appropriate social security contributions from their employees’ salaries and making additional employer contributions. These combined contributions fund the social security system, ensuring its sustainability and the provision of benefits to current and future beneficiaries.

The social security system in North Macedonia is continually evolving to meet the changing needs of the workforce and to address new social and economic challenges. By contributing to this system, employers and employees invest in a social safety net that supports the well-being and financial stability of individuals and families across the country.

Understanding the structure and purpose of social security and payroll deductions is essential for both employers and employees. It ensures compliance with legal obligations and provides a framework for financial planning and security throughout the various stages of employment and into retirement.

North Macedonia VAT Rates in 2024

VAT rates for North Macedonia are reviewed annually, you can use the VAT Calculator to calculate VAT due in North Macedonia or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for North Macedonia

The following tax tables are supported by iCalculator™ MK as part of the suite of free tax tools we provide for North Macedonia.