North Macedonia Wealth Tax Guide 2026

Overview — No Wealth Tax in North Macedonia

North Macedonia does not impose an annual tax on net wealth, net worth, or total assets. There is no solidarity surcharge, no fortune tax, and no wealth-based levy. The government relies on income taxes (10% flat), VAT (18%), property transfer tax (2-4%), and transaction-based taxes rather than periodic wealth taxes. This positions North Macedonia alongside other low-tax European jurisdictions and makes it particularly attractive for international investors, expatriates, and high-net-worth individuals seeking to hold assets in a tax-efficient environment.

Annual Property Tax — The Only Periodic Wealth Levy

The annual property tax levied by municipalities is the closest North Macedonia has to a periodic wealth tax. Rates vary from 0.1% to 0.9% of the assessed value of real estate, with progressive brackets:

• 0.1% — on the first MKD 1,000,000 of assessed value
• 0.3% — on value between MKD 1,000,001 and MKD 5,000,000
• 0.5% — on value between MKD 5,000,001 and MKD 10,000,000
• 0.7% — on value between MKD 10,000,001 and MKD 15,000,000
• 0.9% — on value exceeding MKD 15,000,000

For most residential properties, the effective rate is 0.1-0.3% of assessed value, which is typically below market value.

Taxes on Assets vs. No Wealth Tax

While North Macedonia has no annual wealth tax, it does impose transaction and income taxes on assets:

• Annual property tax — 0.1-0.9% on assessed value (wealth proxy)
• Transfer tax — 2-4% on real estate acquisitions
• CGT — 10% on gains from disposal of assets (included in ordinary income)
• Rental income tax — 10% on net rental income
• Dividend WHT — 10% final withholding tax
• Interest WHT — 10% on bank deposit and bond interest
• Gift tax — 10% on inter vivos gifts above MKD 500,000

These taxes apply when an asset generates income or is transferred, not on the mere holding of the asset.

International Comparison

North Macedonia's position as a no-wealth-tax jurisdiction aligns it with most European countries that do not tax net wealth. Unlike Norway (1.1% wealth tax), Switzerland (cantonal wealth tax up to 0.5%), Spain (wealth tax up to 3.5%), and France (wealth tax on real estate), North Macedonia imposes no such levy. For international investors and expatriates, this offers significant advantages for wealth accumulation and estate planning. The flat 10% tax on all income categories further enhances the jurisdiction's attractiveness.

FAQs

Do I need to declare my assets annually in North Macedonia?

There is no annual wealth declaration requirement for tax purposes. However, financial institutions may report large transactions under anti-money laundering regulations.

Are there any taxes on crypto holdings if I don't sell?

No, merely holding digital assets does not trigger any tax in North Macedonia. Tax arises only when crypto is disposed of (sold, exchanged, or used for payments), at which point it is taxed at 10%.

Could North Macedonia introduce a wealth tax in the future?

There are no current proposals to introduce a wealth tax. The government's fiscal strategy focuses on maintaining competitive tax rates to attract foreign investment and boost economic growth.

Disclaimer

This guide provides general information about wealth taxation in North Macedonia for the 2026 tax year. Tax laws may change. Always consult with a qualified Macedonian tax advisor or the Public Revenue Office for advice specific to your situation. InvestmentKit does not provide tax advice.