North Macedonia: VAT law amendments, including changes to rates and tax agent concept
The North Macedonian Public Revenue Office, on September 25, announced changes to the VAT Law, encompassing several key measures:
- The application of VAT on revenue generated from services within North Macedonia and the import of goods.
- The introduction of the tax agent concept, effective January 1, 2024, along with regulations regarding the tax treatment of value vouchers.
- An increase in the preferential VAT rate from 5% to 10% for luxury food products, effective from September 1.
- A reduction in the preferential VAT rate from 18% to 5% for feminine hygiene products, also effective from September 1.
- A decrease in VAT rates on digital textbooks, effective from September 1.
- The postponement of the application of the general tax rate on the initial turnover of residential buildings and apartments until December 31, 2025.
Source: ujp.gov.mk
