North Macedonia’s government said it will remove VAT on basic food products, as well as reduce VAT and lower excise duties on fuels within a set of measures worth 400 million euro ($441.9 million) adopted to safeguard the living standards of its citizens and ensure liquidity of local companies amid the global energy and food crisis.
- Remove VAT and freeze margins on sales of bread, sugar, flour, edible sunflower oil, milk, meat, rice and eggs. Currently, VAT on these food products is 5%.
- Remove customs duties on all imports of basic food products
- Scrap VAT on imported natural gas, electricity, thermal and cooling energy.
- VAT on fuels will be lowered to 10% from 18%
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