Invoicing and Tax regulation in North Macedonia

Invoicing Regulation in North Macedonia

Invoicing in North Macedonia is mandatory and regulated by the Law on Value Added Tax and General Tax Act. The invoice should contain specific details such as date, identification number, the amount of VAT chargeable, and complete addresses of the supplier and customer. Non-compliance can lead to legal penalties.

Real-Time Reporting and Fiscalization

Fiscalization is mandatory in North Macedonia for B2B, B2C, and B2G business practices. The Public Revenue Office (PRO) requires all businesses to have fiscal cash registers, producing fiscal receipts. The data is reported to the PRO in real-time to prevent tax evasion and increase fiscal transparency.

E-invoicing in North Macedonia

As of now, e-invoicing (electronic invoicing) is not obligatory but is allowed in North Macedonia. However, such electronic invoices should meet specific conditions such as the authenticity of origin, ensuring the integrity of the content, legibility of the invoice and acceptance by the recipient.

VAT/GST/Tax Compliance

VAT compliance is mandatory in North Macedonia with the standard VAT rate as 18%, but a reduced rate of 5% applies to certain supplied goods and services. The North Macedonia tax system is governed by the General Tax Act and the Law on Tax Procedure. Businesses operating in North Macedonia must adhere to these tax laws, and GST (Goods and Services Tax) applies to goods and services as per the GST Act. Non-compliance with these acts can attract hefty penalties.

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