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North Macedonia Increases VAT Registration Threshold

|Approved Changes|Macedonia
Macedonia

North Macedonia has published a consolidated version of the Law on Value Added Tax including amendments regarding the registration threshold. This includes that with effect from 1 January 2020, the VAT registration threshold is increased from total turnover of MKD 1 million to MKD 2 million in a calendar year. Registration is required where the threshold was exceeded in the previous year, is e…

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