North Macedonia vs British Virgin Islands — Tax System Comparison — Nomad Watch

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Overview

Overview
	MK North Macedonia	VG British Virgin Islands
Tax system	Worldwide	No income tax
Tax authority	Public Revenue Office	Inland Revenue Department
Authority website	Visit	Visit
Data year	2025	2025

At a glance

At a glance
	MK North Macedonia	VG British Virgin Islands
Top personal income tax	10%	0%
Effective top rate	10%	0%
Corporate tax rate	10%	0%
VAT / GST	18% DDV	—
Tax system	Worldwide	No income tax
Tax treaties	48	0

Income tax

Income tax
	MK North Macedonia	VG British Virgin Islands
Top rate	10%	0%
Effective top rate	10%	0%
Capital gains tax	10%	—
Capital gains notes	10% flat on capital gains.	No capital gains tax.
Social security (employee)	0%	4.5%
Social security (employer)	28%	4.5%

Withholding rates

Withholding rates
	MK North Macedonia	VG British Virgin Islands
Dividends	10%	0%
Interest	10%	0%
Royalties	10%	0%

Other taxes

Other taxes
	MK North Macedonia	VG British Virgin Islands
Corporate tax	10%	0%
Inheritance tax	5%	—
Wealth tax	—	—

Tax features

Tax features
	MK North Macedonia	VG British Virgin Islands
Personal income tax	Yes	No
Capital gains tax	Yes	No
Corporate tax	Yes	No
VAT / GST	Yes	No
Wealth tax	No	No
Inheritance tax	Yes	No
Exit tax	No	No
CFC rules	No	No
Digital services tax	No	No
Crypto-specific rules	No	No
Participation exemption	No	No
Territorial exemption	No	No

Special regimes

Special regimes
	MK North Macedonia	VG British Virgin Islands
Digital nomad tax regime	No	No
Non-dom regime	No	No

Residency and filing

Residency and filing
	MK North Macedonia	VG British Virgin Islands
Residency threshold	183 days	—
Filing deadline	March 15	—
Automatic extension	No	No
Residency rules	Resident if domicile or present 183+ days	No income tax so residency has limited tax implications.
Filing notes	—	No income tax filing. Payroll tax returns required. BVI Business Companies pay annual government fees.