From January 1, foreign entities lacking a base or subsidiary in Macedonia, yet distributing VAT-taxable goods or services, must appoint a tax agent. Amendments to the Law on Value Added Tax dictate this requirement.
To qualify as a tax agent, VAT-registered entities or individuals need at least a year of registration. Legal entities must not be undergoing bankruptcy or liquidation, while individuals must have a clean criminal record, according to the Public Revenue Office (PRO) in a recent press release.
The responsibilities of the tax agent encompass calculating VAT based on provided documents, filing quarterly VAT returns for the foreign entity, handling tax payments (including interest for overdue payments), and maintaining records of the foreign entity’s tax transactions.
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