International Tax Review is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

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

FYR Macedonia: FYR Macedonian government adopts 2014 Budget


Elena Kostovska

Despite rumors about changes in the taxation rates in the country, the FYR Macedonian government approved the Budget for 2014 without any changes in the taxation regime. The Budget for 2014 was published in the Official Gazette No.183 of December 23 2013. According to the Budget, government incomes are estimated at around MKD158 billion ($3.5 billion), whereas expenses are expected to reach MKD176 billion. The budgetary deficit projected at 3.5% will be financed from domestic and foreign sources while GDP growth is expected to be 3.2%. The government estimates that the budgetary inflows from taxes and contributions will amount to about 75% of all inflows, whereas penalties are expected to bring in additional 9% of the projected incomes.

The government has budgeted for an increase in capital investments (11% increase compared to 2013) as well as a rise in the subsidies it will provide for various projects in amount of €140 million ($192 million). The budget was met with a certain dose of criticism but also with a general sense of relief that the national flat tax rates remain unchanged.

Elena Kostovska (

Eurofast Global, Skopje Office

Tel: +389 2 2400225


more across site & bottom lb ros

More from across our site

COVID-19 and an overworked HMRC may have created the ‘perfect storm’ for reduced prosecutions, according to tax professionals.
Participants in the consultation on the UN secretary-general’s report into international tax cooperation are divided – some believe UN-led structures are the way forward, while others want to improve existing ones. Ralph Cunningham reports.
The German government unveils plans to implement pillar two, while EY is reportedly still divided over ‘Project Everest’.
With the M&A market booming, ITR has partnered with correspondents from firms around the globe to provide a guide to the deal structures being employed and tax authorities' responses.
Xing Hu, partner at Hui Ye Law Firm in Shanghai, looks at the implications of the US Uyghur Forced Labor Protection Act for TP comparability analysis of China.
Karl Berlin talks to Josh White about meeting the Fair Tax standard, the changing burden of country-by-country reporting, and how windfall taxes may hit renewable energy.
Sandy Markwick, head of the Tax Director Network (TDN) at Winmark, looks at the challenges of global mobility for tax management.
Taxpayers should look beyond the headline criteria of the simplification regime to ensure that their arrangements meet the arm’s-length standard, say Alejandro Ces and Mark Seddon of the EY New Zealand transfer pricing team.
In a recent webinar hosted by law firms Greenberg Traurig and Clayton Utz, officials at the IRS and ATO outlined their visions for 2023.
The Asia-Pacific awards research cycle has now begun – don’t miss on this opportunity be recognised in 2023