FYR Macedonia/September 2014
With the latest amendments on the Law on VAT published in the Official Gazette on 5 August 2014 and effective as of 6 August 2014, the reduced VAT rate (5%) is now applicable to new categories of products that were previously subject to the regular (18%) VAT rate.
These new categories include:
– Livestock
– Livestock food
– Food additives for livestock food
– Select baby products (including cots, strollers, carriers, car seats, bathtubs, pacifiers, feeding
bottles and diapers)
– School supplies (such as school backpacks, notebooks, pencils, pens, rulers, erasers and
similar products).
A more detailed list of goods to which the reduced VAT rate has become applicable can be found in the Decision amending the Decision on Determining the Goods and Services subject to the preferential VAT rate. As a reminder, the reduced VAT rate of 5% is already applicable to a wide range of goods and services in FYR Macedonia, including, among others, food products, medicine, publications, agricultural machines, the first sale of residential buildings and apartments as well as transportation and accommodation.
Elena Kostovska
elena.kostovska@eurofast.eu
Eurofast Global, Skopje Office
Tel: +389 2 2400225
www.eurofast.eu