FYR Macedonia: Tax treatment of dividends.

The article discusses tax treatment of dividends paid in Macedonia which largely depends on the residency of the dividend-receiving entity. A principle of exemption was introduced in the country for certain types of dividend distributions on July 2010, which exempted all forms of profit distribution made to resident legal entities from corporate income tax. It is noted that despite the development, dividends distributed to non-residents, legal entities or individuals, continue to be taxed in the country.