North Macedonia Considers VAT Exemption Bill for Services and E-Invoicing Procedures

• The North Macedonian Assembly accepted Bill No. 08-6043/1/2024 on December 11 for consideration
• The bill proposes amendments to VAT provisions
• It includes measures to exempt VAT on services and transactions such as certain postal services, supply and rental of some residential buildings and apartments, banking and financial transactions, insurance and reinsurance services, and educational services
• The bill also aims to specify procedures for electronic invoices including their issuance, transmission, receipt, and storage

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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