North Macedonia’s Revenue Office has issued a release announcing amendments to the VAT law approved on 11 March 2022 that reduce the VAT rate on certain products. This includes a reduction in the VAT rate to 0% for basic food products, including bread, sugar, flour, sunflower oil, milk, fresh meat, rice, and eggs. Further details published by the Revenue Office clarify that the reduction is effective from 17 March to 31 May 2022.
Source Orbitax
Latest Posts in "North Macedonia"
- North Macedonia advances national e-invoice Reform
- North Macedonia Mandates E-Invoicing with e-Faktura Project for Tax Compliance by 2026
- North Macedonia adopts new VAT rules
- North Macedonia Notice on New Tax Representative Requirements for Foreign Sellers of Goods and Services
- New VAT regulations for non-resident digital service providers
