After 10 years of 10% flat personal income tax rate in FYR Macedonia, the Ministry of Finance has recently abolished the approach and introduced the Law on progressive personal taxation which has become effective as of 1 January 2019. Aiming…
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. While initially planned to be in force until the end of 2011, the…
S&P has confirmed FYR Macedonia’s BB’s credit rating, with a stable outlook. The report contests that the political crisis has been overcome with the formation of the new government and expects policy continuity. It also plans for improved confidence and…
The FYR Macedonian Parliament adopted the amended Law on Minimum Salary on September 18, 2017. The previously-valid net minimum salary of MKD 10,080 has been increased to MKD 12,000. The amounts apply to full time employment. The amendment affects a…
FYR Macedonia’s new Finance Minister, Dragan Tevdovski, has stated his intention to undertake actions to resolve the growing problem of public debt by lowering the costs of borrowing despite the need to continue borrowing. In a statement during a press…
At the end of March 2017, the German Federal Council has approved the protocol amending the tax treaty concluded with FYR Macedonia. The amending protocol was signed by both countries during November 2016 and amends the treaty signed in 2006….
Amidst political instability and with no Government in sight yet, the FYR Macedonian National Bank has stated it expects the country’s economic stabilization in 2017. The National Bank sold a 25 billion denar worth of 28-day bills at a rate…
The preferential VAT rate of 5% in FYR Macedonia is commonly applied to – among others – human food products; medicines and medical equipment; publications; seeds and planting material used in agriculture; other agricultural products such as fertilizers, foils and…
Due to the simplicity of registering a company in FYR Macedonia and the myriad of tax incentives provided, the number of newly registered entities in recent years has grown rapidly and has created additional burden for the public administration institutions….
FYR Macedonia | February 2016 | On December 9th, 2015, FYR Macedonian Government representatives signed a Double Tax Treaty (DTT) with Israeli officials in Jerusalem. Pending approval from both countries’ authorities, the Treaty will be effective from the calendar year…