Macedonia reduced VAT registration threshold

Sun 19th Oct 2014

Macedonia is to reduce its VAT registration threshold and introduce electronic VAT invoicing.

The current registration threshold is to be halved from MKD 2m (Euro 30,000) to MKD 1m (Euro 15,000) from the start of 2015. This brings it into line with the limits automatically granted by the EU VAT Directive – although EU member states can apply for derogations.

Additionally, suppliers and their customers now start to use e-invoices following written agreement. Again, this copies the EU VAT Directive on electronic invoices.