FYR Macedonia: Government adopts law on public disclosure of tax debtors

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

FYR Macedonia: Government adopts law on public disclosure of tax debtors

kostovska.jpg

Elena Kostovska

The FYR Macedonian government has approved the Law on Public Disclosure of Tax Debtors, thus permitting its entry into Parliamentary discussion. According to the law, the Public Revenue Office as well as the Customs Office will publish lists of debtors on their websites. The criteria for being included on such list is tax/customs debt older than 90 days or in excess of €2,000 ($2,700) for physical persons; €5,000 for legal entities. The debt will concern unpaid taxes (corporate income tax, personal income tax, VAT), customs duties, excise taxes as well as social security contributions.

The government is confident that the law will improve the tax discipline as well as give insight into which persons/companies practice tax avoidance. The debtors whose names will be published will be notified a few days in advance, as a last notice before public identity disclosure.

Elena Kostovska (elena.kostovska@eurofast.eu)

Eurofast Global, Skopje Office

Tel: +389 2 2400225

Website: www.eurofast.eu

more across site & bottom lb ros

More from across our site

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer pricing and more
Chinwe Odimba-Chapman was announced as Michael Bates’ successor; in other news, a report has found a high level of BEPS compliance among OECD jurisdictions
The tool, which will automatically compute amount B returns, requires “only minimal data inputs”, according to the OECD
The rules are intended to implement the substance of an earlier OECD report in its entirety
While new technology won’t replace the human touch, it could help relieve companies’ staffing issues, EY’s David Helmer and Daren Campbell tell ITR
The firm said the financial growth came from increased demand for its AI services and global tax reform advice
Chrystia Freeland had also been the figurehead of Canada’s controversial digital services tax adoption, which stoked economic tensions with the US
Panama has no official position on pillar two so far and a move to implement in Costa Rica will face rejection, experts tell ITR
The KPMG partner tells ITR about Sri Lanka’s complex and evolving tax landscape, setting legal precedents through client work, and his vision for the future of tax
Overall turnover at the firm also reached a record £8 billion; in other news, Ashurst and Dentons announced senior tax partner hires
Gift this article