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North Macedonia Social Security Contribution Rates and Minimum/Maximum Contribution Basis for 2020

North Macedonia has adjusted the social security contributions rates for 2020. The contribution types and rates are as follows:

  • Mandatory pension and disability – 18.8% (up from 18.4%)
  • Mandatory health insurance – 7.5% (up from 7.4%)
  • Mandatory employment insurance - 1.2% (unchanged)
  • Additional health insurance for workplace injury and occupational disease - 0.5% (unchanged)

The adjusted contribution rates apply for the payment of salaries from the month of January 2020.

In addition to the rate adjustments, the minimum and maximum basis for social security contributions have also been set for 2020, which is based on salary data that includes an average salary of MKD 38,319. Based on the average salary amount:

  • The minimum basis for calculating contributions for 2020 is MKD 19,160.00 (50% of 38,319);
  • The maximum basis for calculating contributions for 2020 for income from employment and for the income of an executive member of a board of directors, a member of a management board, or a manager in a trade company is MKD 613,104.00 (16 x 38,319); and
  • The maximum basis for calculating contributions for 2020 for a self-employed person is MKD 459,828.00 (12 x 38,319).

The minimum and maximum basis amounts apply for calculations for the period January to December 2020.

Note - This article has been updated to reflect that the mandatory pension and disability contribution rate is 18.8% for 2020.

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