North Macedonia Tax Agency Introduces Amendments to VAT Law, Including Changes to Rates and Regulations

• The North Macedonian Public Revenue Office has announced amendments to the VAT Law.
• VAT will now be applied to turnover from goods and services within North Macedonia and on imported goods.
• A tax agent concept will be introduced from Jan. 1, 2024, and the tax treatment of sales through value vouchers will be regulated.
• The preferential VAT rate for luxury food products will increase to 10 percent from 5 percent, effective Sept. 1.
• The preferential VAT rate for feminine hygiene products will be reduced to 5 percent from 18 percent.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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