In 2009, as an anti-crisis measure, the FYR Macedonian government introduced the application of the preferential VAT rate of 5% to the first sale of residential buildings.

As the deadline until which resident companies in North Macedonia can distribute dividends based on their 2020 financial result (September 30, 2021) is approaching...

The Ministry of Finance of North Macedonia has announced an increase of the VAT-registration taxable turnover threshold from MKD 1 million to MKD 2 million per year.

The progressive tax rate, which was supposed to re-enter into force on January 1st 2023, has been postponed.

The North Macedonian Government has adopted amendments to the VAT Law during July 2021. The amendments affect the supply for electricity to final consumers; a supply which has until now been subject to the standard rate of 18%.

The newly adopted (June 27, 2019) and published (Official Gazette No.133/28-06-2019) Law on Partial VAT Refund to Physical Persons has been met with both enthusiasm and a myriad

Amendments in the FYR Macedonian Profit Tax Law, promulgate in the Official Gazette No.85 of June 29th, 2010 and effective as of July 7th, 2010, have introduced the principle of exemption for certain types of dividend distributions.

The beginning of April 2011 was marked by the adoption of the amended Profit Tax Law in FYR Macedonia, which has entered into force as of April 16th.

Effective 1 January 2021, the North Macedonian VAT regime has been amended to include a new tax rate of 10%, in addition to the previously prescribed standard rate of 18% and reduced rate of 5%.

On 9 December 2015, FYR Macedonian Government representatives signed a Double Tax Treaty (DTT) with Israeli officials in Jerusalem.

As usual, the agreement is mostly harmonized with the OECD model with the below specifics that are of interest.

Employees in North Macedonia have been witnessing a steady trend of increasing social security contribution rates in recent years.

North Macedonia became the 117th member to join the Inclusive Framework ("IF") for the global implementation of the Base Erosion and Profit Shifting (BEPS) Project in August 2018.

North Macedonia's e-invoicing reform has officially entered its pilot phase.

The North Macedonian Government has recently extended the payment deadline for VAT due following the filing of a periodic VAT return.

After 10 years of 10% flat personal income tax rate in FYR Macedonia, the Minister of Finance has recently announced a draft law on progressive personal taxation which will become effective as of 1 January 2019.

A decision defining the categories of supply of goods and services was published in the Official Gazette 45/2014 and is applicable as of March 5, 2014.

North Macedonia is advancing its digital transformation with the introduction of a nationwide e-invoicing system that will apply to all taxpayers who issue invoices.

Until the end of 2018, a flat tax rate of 10% was applicable. In 2019, North Macedonia introduced a progressive personal income tax approach...