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

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

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.

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...