Amendments to North Macedonia’s VAT Law: Changes to Rates and Introduction of Tax Agent Concept

• The North Macedonian Public Revenue Office has announced changes to the VAT Law.
• VAT will now be applied to revenue generated from services within North Macedonia and the import of goods.
• The tax agent concept will be introduced from January 1, 2024, along with regulations for value vouchers.
• The preferential VAT rate for luxury food products has increased from 5% to 10% from September 1.
• The preferential VAT rate for feminine hygiene products has decreased from 18% to 5% from September 1.
• VAT rates on digital textbooks have been reduced from September 1.
• The application of the general tax rate on the initial turnover of residential buildings and apartments has been postponed until December 31, 2025.

Source: globalvatcompliance.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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