Tag: taxes
Macedonia 13.04.23 | 17:21

Municipality of Aracinovo fails to perform basic functions, audit finds

An audit of the finances of the municipality of Aracinovo found many irregularities. Chief problems are the failure of municipal authorities to collect property taxes, as well as a number of lesser taxes, and the non-payment of electricity bills, for which this part of Skopje is notorious. EVN Macedonia...
Economy 25.12.22 | 18:42

VMRO-DPMNE: New tax on micro businesses will cause another heavy blow for the economy

The Government is trying to rush a new regulation that will make life even more difficult for the small businesses, warned VMRO-DPMNE. The opposition party points to the proposals that include an end to the income tax exempt status for micro companies that earn up to 3 million denars (50,000 EUR). This...
Macedonia 12.12.21 | 19:43

Promise of low taxes and fight against corruption

In the area of economy, the re-elected VMRO leader said that the party will bring down the income tax rate to 8 percent, and abolish it for young people. The aim will be an economic growth rate between 4 and 6 percent and single digit unemployment rate. Mickoski said that VMRO will bring the country...
Macedonia Economy 02.06.21 | 14:52

Slaveski: It’s embarrassing to speak of tax hikes during a crisis

The promised 5 percent annual GDP growth rate, is reduced down to 0.7 percent for the past four years, said former Finance Minister Trajko Slaveski during the VMRO-DPMNE conference on the past four years of the Zaev regime. Zaev grabbed power in June 2017, using the Colored Revolution and unrealistic...
Economy 12.03.20 | 16:51

Companies hit by the coronavirus ask for tax exemptions

The chambers of business are asking the Government to prepare measures to help the companies hit by the coronavirus outbreak. Goran Georgievski from the Agro-business chamber asked the Government to emulate the measures put in place by other European countries. Companies in Italy will be exempt from...
Economy 01.11.19 | 19:55

After the scrapping of the progressive tax scheme, SDSM’s left wing demands that the party drops the S and the D from its name

The SDSM leftist wing responded to the announcement from newly appointed Finance Minister Nina Angelovska that the Government is suspending its progressive taxation scheme for three years with outrage. Government abandons its progressive taxation scheme in favor of Gruevski’s 10 percent flat tax...
Economy 23.10.19 | 23:06

In a TV interview, Zaev publicly endorses tax evasion, calls it “not illegal”

It’s hard to keep up, but one gaffe Zoran Zaev made in his recent appearances caused a significant stir in the otherwise desensitized public. Speaking with TV24 earlier this week, Zaev said that it is a common practice in Macedonia to have employers pay their employees “cash on hand”,...
Macedonia 14.10.19 | 13:50

Two companies owned by the Zaev family owe more than 400.000 EUR in unpaid taxes

Two companies, which are part of the business empire tied to Zoran Zaev, were found to have unpaid taxes amounting to more than 400.000 EUR. The list published by the UJP tax authority reveals two companies, Dravas Engineering and Elenica, which are owned by Zaev’s brother Vice Zaev and his cousing...
Economy 27.06.19 | 21:46

Only one household paid property tax in the whole of Aracinovo

Discussing the dire conditions of municipal budgets, the Mayor of Veles Ace Kocevski made a shocking revelation – that the municipality of Aracinovo collected a total of 970 denars in property taxes. The sum amounts to 15 EUR and would be equivalent to a single payment. Kocevski initially said...
Economy 01.01.19 | 22:14

New Year marks end of the decade of low, flat taxes and relaxed business regulations

With the New Year, Macedonians will have to handle higher taxes and a more complicated business regulatory regime. The decade long era of low flat taxes is over. Several new income tax rates of 15 and 18 percent will apply to capital and rental gains and to higher income earners. Additionally, the retirement...
Economy 28.12.18 | 21:47

Mickoski: 2018 was bad for the economy and 2019 will be even worse

VMRO-DPMNE leader Hristijan Mickoski describe 2018 as disastrous for the Macedonian economy, and the country dropped to the bottom of economic growth in Europe, after being among best growth performers for a long time. Mickoski said that 2019 is bound to be even worse, because that is when the new tariffs...

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