The North Macedonia Parliament adopted the amended Law on Minimum Salary on 14th of November 2019. The increase of the minimum net wage to 14,500 MKD represents an almost 14% jump, compared to the previous minimum net wage which amounted…
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 changes in the threshold amount have varied throughout the last 20 years,…
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 of questions from individuals. The Law – for the first time in…