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Gruevski: the report of business insider verified the efforts for economic growth.

Gruevski stressed that the favorable business climate in Macedonia was noted in the latest report of Doing Business of the World Bank for 2016, which ranked Macedonia on the 12th place out of 189 counties in the world. The greatest risk in Macedonia is tax evasion because taxes are very low, said Gruevski

According to former Prime Minister Nikola Gruevski, the low taxes contribute for the favorable business climate, which means that the country takes the minimum from citizens and companies in the effectuation of taxes, leaving more money in the economy and to the citizens.

--We introduced the lowest flat tax in Europe of 10%, we liberated companies from paying taxes for undistributed income, by introducing corporate income tax of 0% if the profit is reinvested, and we reduced the contribution rates for pension and health insurance.

Gruevski stressed that the favorable business climate in Macedonia was noted in the latest report of Doing Business of the World Bank for 2016, which ranked Macedonia on the 12th place out of 189 counties in the world. The greatest risk in Macedonia is tax evasion because taxes are very low, said Gruevski.

--I recommend every country to introduce the flat tax, because the private sector will have a more quality use of the money than the country ever will, stressed Gruevski.

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These international reports, including the last ranking of Business Insider, are great indicators for all potential investors, and verify the efforts put for making an economic growth and creating new jobs.

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Title Annotation:ECONOMY
Publication:Macedonian Business Monthly
Geographic Code:4EXMA
Date:Mar 1, 2016
Words:253
Previous Article:Unemployment rate drops to 24.6 percent.
Next Article:'Macedonia employing' benefits can be used until 15 April.
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