Global

Details

  • Service: Tax, Global Indirect Tax, International Executive Services, International Tax
  • Type: Regulatory update
  • Date: 2/12/2014

Macedonia - Self-charging VAT on certain supplies 

February 12:  The value added tax (VAT) law in Macedonia has been amended, effective 1 February 2014, to place the obligation to calculate and remit the VAT on specific supplies on the recipient, rather than on the supplier for supplies between registered VAT taxpayers.

The VAT amendment was published in the Official Gazette No. 12 (22 January 2014). The VAT self-charging (i.e., reverse charge mechanism) will be mandatory for certain supplies.


Read a February 2014 report prepared by the KPMG member firm in Macedonia: Legislative amendments


Also included in the report are the following topics


  • Amendments to the law on tax procedures
  • Amendments to the personal (individual) income tax law
  • Amendments to the corporate income tax law
  • Amendments to the law on property taxes
  • Law on financial discipline
  • Amendments to the law on debenture notes



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