Tag: tax
Macedonia 08.10.21 | 10:54

EU placed Macedonia on a black list for tax policy violations

The European Council placed Macedonia on a black list for non-cooperative jurisdictions in the area of tax policy. Macedonia was rebuked along with Costa Rica, Hong Kong, Malaysia, Qatar and Uruguay, and has until 2022 to make the necessary changes to close its tax system for abuse, money laundering...

Macedonia Economy 23.06.21 | 20:45

Despite inflation fears, Government goes ahead with a new fuel tax

The Zaev Government decided to impose a tax of 3.5 denars on diesel fuels and heating oil, as well as leaded gas and airplane fuel. Additionally, unleaded fuels will face a slightly lower tax of 3.1 denars per liter. The move is announced as a step to help fight climate change, and it comes as the budget...

Macedonia Economy 02.01.21 | 12:00

New hospitality tax rule is causing chaos, chamber warns

The NUK chamber of the hospitality industry said that the tax reduction introduced by the Government is too complicated and badly managed to be effective. The Government ordered a new value added tax bracket of 10 percent, besides the 5 and 18 percent brackets, that will apply to restaurants that serve...

Macedonia Economy 22.12.20 | 16:30

Parliament halves taxes to register foreign cars that are already used in Macedonia

The Macedonian Parliament approved a proposal from the Government to reduce taxes for registering foreign vehicles in Macedonia by 50 percent. This applies to cars who are already used in the country, brought here no later than October 1, and were driven under foreign license plates. The environmental...

Macedonia Economy 10.10.20 | 10:52

Government declares tax free weekend to entice shoppers to spend despite huge spike in coronavirus cases

Shops and malls across Macedonia are bracing for a flood of new customers as a three day tax free weekend begins today. Until Monday, citizens can a value added tax rebate on any purchase of domestic products and any IT equipment worth a total of 30,000 denars (500 EUR). The VAT rate is 5 or 18 percent,...

Economy 01.07.20 | 14:52

Tax receipts drop by 6,7 percent in June

Tax receipts have dropped by 6,7 percent in June, said UJP tax authority chief Sanja Lukarevska. According to Lukarevska, the biggest drop, of 17,3 percent, was reporetd in income tax. She attributed the issue to the fact that some major companies were urged to pay their tax forward, during the early...

Economy 04.05.20 | 18:10

Mickoski: So far, tax revenue is down by 105 million EUR

VMRO-DPMNE President Hristijan Mickoski warned that the shortfall in public revenue has reached 105 million EUR so far in the year. Macedonia is heading toward a deep economic crisis because of the coronavirus, with the Finance MInistry estimating an annual shortfall of between 700 million and 1,3 billion...

Economy 27.04.20 | 21:40

While Macedonia hikes the gas tax, other countries are going in the opposite direction

While the Macedonian Government is busy hiking the gas tax, other countries are taking a completely different approach. In the Baltics, Estonia, Lithuania and Latvia are cutting their taxes to keep up with the each other. The latest to make the move is Estonia, which will reduce diesel excise duties...

Economy 26.04.20 | 11:13

Government asks taxpayers who claimed a rebate to donate it back into the budget

Some 1.500 taxpayers decided to donate the tax rebate that is due to be paid out in early May. Several months ago the Government introduced a rebate program that gives back 5 percent of the value added sales tax that is paid on all purchases. The MyVAT rebate program was heavily promoted with award games...

Economy 15.04.20 | 14:17

Lukarevska: Companies affected by coronavirus to be exempted from advance tax payments for three months

The companies in catering, tourism and transport sector and other businesses that showed losses in operations due to implementation of coronavirus preventive measures will be exempted from advance payments of personal income tax and profit tax for March, April and May, director of the Public Revenue...

Macedonia 13.04.20 | 19:51

Mickoski: SDSM leaders are hiking the gas tax for personal, lucrative reasons

VMRO-DPMNE President Hristijan Mickoski said that the decision by the SDSM led Government to increase the gas tax at a time of unprecedented economic crisis is driven by lucrative interests of people close to the ruling party. The gas tax was hiked by two denars per liter, preventing the full effect...

Economy 12.04.20 | 19:21

Finance Minister Angelovska defends her gas tax hike

Finance Minister Nina Angelovska defended the option of a gas tax hike to try and fill in the budget hole that is rapidly growing. With record low gas prices providing a rare piece of economic good news, the Ministry decided to hike the tax by between 2 and 3 denars per liter. Angelovska insisted that...

Economy 05.12.19 | 12:15

Latest hike in the already high retirement and healthcare taxes leaves companies fuming

Business representatives are objecting to the latest hike in the retirement and healthcare taxes, which will increase the tax on salaries by 0.5 percent, or a full percent for the entire 2018. Macedonian employees have to pay a relatively low 10 percent income tax, but there is an 18.8 percent tax on...

Economy 08.10.19 | 15:09

Finance Minister Angelovska undecided as businesses ask her to postpone the capital gains tax

Finance Minister Nina Angelovska would not say whether she will examine the request to postpone the introduction of capital gains tax. Businesses asked that this new 15 percent tax, which would hit interest from bank deposits if it’s above 250 EUR a year, as well as other capital gains, is postponed....

Economy 18.06.19 | 11:18

VMRO-DPMNE warns about the worsening economic data, says they’re caused by the Government’s anti-business policies

A week after warning about the large gap in tax inflows, VMRO-DPMNE leader Hristijan Mickoski disclosed additional details about the problems faced by the UJP revenue service and said that they are emblematic of the wrongheaded economic policies of high taxation and regulation pursued by Zaev’s...

Balkans 03.06.19 | 14:11

Serbs work for the state five months of the year

During the course of one year, workers in Serbia effectively work five months for the state, with their families having to make do with the left over earnings from the remaining seven months. Experts say many in the country are unaware of the taxes and fees they pay, Serbia N1 TV station reports. In...

Macedonia 15.05.19 | 13:32

Skopje city employees were stealing property tax money from gullible taxpayers

Two employees from the city of Skopje administration were charged with stealing money from citizens who were paying their property taxes. One of the employees would offer citizens to pay their taxes for them, so they don’t have to wait in line, and would take their money cash. He would pay only...