North Macedonia: Increase of the VAT registration threshold to Denar 3 million as of 2022 & VAT rate changes

VAT rate changes:

• 10% VAT for all restaurant services for which intensive activities have already been undertaken
• revision of the VAT rates on raw materials for domestic producers
• reduction of the VAT rate for agricultural producers
• reduction of VAT on raw materials for export-oriented companies
• reduction of VAT on craftsman services from 18% to 5%

Source: Orbitax

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