The government decided to leave the VAT on computers, software and solar collectors at the preferential level of 5%, state news agency MIA reported. These goods are already taxed at the preferential rate, but this treatment was scheduled to expire at end-2012. The general VAT rate is 18%. The amendments were proposed by the ministry of finance and aim at boosting the quality of IT and education and encouraging greater use of solar energy. In addition, the legislative changes envisage exempting from VAT the imports of parcels with value of up to EUR 22, except tobacco and tobacco products, alcohol and alcoholic beverages, as well as perfumes and eaux de toilette. This measure aims to promote electronic commerce in Macedonia, among others. |
Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more
The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more
Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more