SKOPJE (Macedonia), November 21 (SeeNews) – Macedonia is the economy with lowest total tax rate among countries in southeast Europe (SEE), 7.4%, a report by Price Waterhouse Coopers indicated.
"The Former Yugoslavian Republic of Macedonia remains the economy with lowest Total Tax Rate due to it only levying corporate income tax on profits once they are distributed as dividends, an absence of labour taxes that are paid by the employer and low levels of "other" taxes, Price Waterhouse Coopers said in its Paying Taxes 2015 report.
Romania posted SEE's highest total tax rate of 43.2%.
Details follow:
Economy |
Total tax rate (%) |
Total tax time (hours) |
Albania |
30.7 |
354 |
Bosnia and Herzegovina |
23.3 |
407 |
Bulgaria |
27.0 |
454 |
Croatia |
18.8 |
208 |
Kosovo |
15.3 |
155 |
Macedonia |
7.4 |
119 |
Moldova |
39.7 |
185 |
Montenegro |
22.3 |
320 |
Romania |
43.2 |
159 |
Serbia |
38.6 |
279 |
Turkey |
40.1 |
226 |