Tag: vat
Economy 29.06.20 | 12:28

Tax rebate app shows consumers spent twice as much on imported products

The VAT rebate app that was introduced by the Finance Ministry revealed some worrying trends. It shows that Macedonian consumers have spent nearly twice as much on imported products than on domestic products. According to the app, which allows citizens to claim a small rebate on the value added tax paid...

Macedonia 21.06.20 | 21:48

VMRO reports a major tax fraud operation involving a businessmen linked to the Zaev family

During a press conference, VMRO-DPMNE spokesman Naum Stoilkovski presented details about several little known companies from Strumica, the stronghold of SDSM party leader Zoran Zaev, who have collected astronomical sums in tax rebate. In the first five months of the year, these companies have received...

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 14.04.20 | 22:20

New stimulus measure: Donations to Covid-19 solidarity fund will be exempt from VAT

The Government adopted Tuesday a decree having the force of law that exempts the donations in the solidarity fund for dealing with the consequences of Covid-19 from the value added tax. According to the adopted decree amending the decree having the force of law for application of the Law on Value Added...

Economy 01.08.19 | 13:07

App redesign causes confusion in the value added tax rebate scheme

Less than a month after it was put in use, the MyDDV phone application meant to allow citizens claim a small tax rebate, is undergoing a redesign. This is prompting confusion among users, many of them elderly, who had trouble installing the application in the first place and figuring out how it’s...

Economy 28.06.19 | 10:33

Tax rebate law pushed through Parliament

In an expedited procedure, the Parliament yesterday adopted the proposed law for value added tax reimbursement. The law provides that consumers will be able to claim a rebate of 15 percent on the amount they pay in value added tax. The VAT tax, set at 18 or 5 percent, depending on the product, is the...

Economy 22.06.19 | 20:20

Consumers confused over the promised value added tax reimbursement

Initial reactions following the promised reimbursement of 15 percent of the 18 percent value added tax are that the process will be difficult and the results will be low to none. Instead of simply lowering the VAT tax rate, the Zaev Government initiated the process of reimbursement, which will involve...

Economy 18.03.19 | 12:46

Average families will not even notice: VAT return will only be felt by the richest

With the VAT return measure, the poorest households will be able to return only 738 denars. The effects of the newly announced measure, which is to be launched by mid-year, will only be felt by the richest households that spend 1.2 million denars annually. With the VAT return, they will be able to return...

Economy 07.03.19 | 21:24

VMRO-DPMNE proposes reducing the VAT rate from 18 to 16 percent

The opposition conservative VMRO-DPMNE party intends to reduce the value added tax rate from 18 to 16 percent, in a push to improve living standards. VMRO leader Hristijan Mickoski announced that the party’s group in Parliament will propose the measure, adding that this will ensure that consumers...

Economy 28.01.19 | 11:39

Zaev says 15% reimbursement of VAT taxes will begin in July

Beginning in July, at around the two years mark for his Government, Prime Minister Zoran Zaev said that the citizens will finally receive the promised reimbursement of 15 percent of their value added tax spending. According to Zaev, this would mean that some 150 million EUR in collected consumption taxes...