SKOPJE (Macedonia), November 24 (SeeNews) – Macedonia ranks highest amongst SEE countries in the latest edition of PricewaterhouseCoopers’ (PwC) Paying Taxes global study, which looks at how easy it is for a standardised, medium-sized domestic company to pay its taxes.
Other SEE countries that rank high are Slovenia and Moldova, according to the 2017 edition of the Paying Taxes study published on PwC's website.
The ranking comprises 190 countries.
Macedonia ranks 9th in the global ranking, Slovenia is in 24th position, while Moldova makes an impressive jump of 47 places from last year’s edition and is now ranked 31st.
The Total tax rate sub-indicator, which measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial profit, stands at 13% in Macedonia, which is the fifth lowest worldwide.
In terms of the Post-filing index, Macedonia achieves a score of 84.17 out of a 100 points maximum. The index measures time to comply with a VAT or GST refund, time to obtain VAT or GST refund, time to comply with the correction of an inadvertent corporate income tax error and the time to complete a corporate income tax audit if required.
PwC ranking of SEE countries in 2017 Paying Taxes publication:
|Bosnia and Herzegovina