North Macedonia Tax Agency Issues 2023 Guide on Taxation of Rental Income

The North Macedonian Public Revenue Office Jan. 4 posted online a 2023 guide on the taxation of rental and sublease income. Topics covered include: 1) clarification of the taxation of income from leasing or subleasing land, residential or business premises, garages, rest and recreation premises, equipment, means of transport, and other types of property; 2) persons legally obligated to pay tax from rental income; 3) the applicable 10 percent tax rate; 4) deadlines for reporting rental income under specific conditions; 5) registering on the e-Personal tax system; 6) the Electronic Calculation (e-PPD) submission process; 7) the procedure for calculating advance ...