This post provides a direct overview of North Macedonia’s (country code: MK) regulations regarding the wealth tax as of 2025. You’ll find a summary of the legal framework, the applicable basis, and any relevant tax parameters currently made available by authorities.
Overview of Wealth Taxation in North Macedonia
The wealth tax in North Macedonia is focused specifically on property rather than a broader net worth calculation. The regulatory framework classifies the tax type as “flat,” meaning a single rate would typically apply to eligible assets, without progressive brackets. However, it is important to note that publicly accessible data for the applicable tax rate and any surtaxes is currently unavailable for 2025.
Key Details of Wealth Tax Regulation (2025)
| Assessment Basis | Tax Type | Applicable Rate (MKD) | Tax Brackets | Surtaxes |
|---|---|---|---|---|
| Property | Flat | Not disclosed | Not applicable | Not disclosed |
As shown above, North Macedonia levies its wealth tax strictly on property. Other forms of assets (such as securities, bank balances, or business shares) are not captured under current regulations based on the available information. The official tax rate has not been published by the authorities for 2025, nor have details of any surtaxes or multi-tiered brackets.
Clarifying Missing Data
There is no official disclosure by North Macedonian tax authorities regarding the specific flat tax rate or supplementary brackets as of 2025. This omission may reflect regulatory updates or an ongoing review typical of national tax regimes. For the most authoritative and current source information, refer to the Ministry of Finance of North Macedonia.
Wealth Taxation Parameters in North Macedonia
The wealth tax is assessed on the value of property assets. There is no minimum or maximum holding period specified for assessment, meaning property owners may be liable regardless of how long an asset has been held. The flat structure theoretically simplifies compliance, but the absence of a published rate is a notable gap for accurate planning.
| Parameter | Details |
|---|---|
| Currency | MKD (Macedonian Denar) |
| Assessment Basis | Property assets only |
| Tax Rate | Not disclosed (2025) |
| Surtaxes | Not disclosed |
| Brackets | No progressive tax brackets |
| Holding Period | Not specified |
Pro Tips for Navigating Wealth Tax in North Macedonia
- Verify With Local Sources: Since the rate is undisclosed as of 2025, always confirm the latest figures directly with the Ministry of Finance of North Macedonia before finalizing property transactions or planning.
- Assess the Scope: The tax currently applies only to property assets, so carefully distinguish between taxable assets and those outside the wealth tax’s remit.
- Document Your Property Holdings: Maintain current and comprehensive records of any property owned, as assessment is based on value at a particular reference date which may change year-to-year.
- Monitor Regulatory Updates: Given the lack of published rates or brackets, be vigilant about any new announcements or legal amendments affecting wealth tax calculations.
Current Regulatory Takeaways
North Macedonia’s approach to wealth taxation is straightforward in scope—limited only to property holdings, with a flat system rather than a progressive one. However, the key parameters such as the applicable tax rate and any potential surtaxes remain officially undisclosed for 2025. This highlights the importance of relying on official government resources for clarification. As tax regimes can evolve with little notice, vigilance and direct source verification are critical for effective compliance and planning in North Macedonia.