KPMG's Tax News outline and highlight legislative changes and trends in the area of tax.
The Macedonian tax authorities announced that a new manner of reporting and payment of personal income tax (PIT) will be introduced starting from 1 January 2018.
According to the tax authorities, the changes are intended to simplify the procedures and lower the expenses for compliance with the reporting and payment of PIT both for legal entities and individuals.
Scope of the changes
Accordingly, the proposed changes indicate a similar concept in the reporting and payment of PIT, with the current system for reporting and payment of payroll liabilities under the monthly calculation for integrated payment (MPIN).
As a result of the proposed changes, the annual reports on PIT that have been submitted by the payers of income will be abolished and so will be the obligation of individuals to submit an annual tax return (the annual tax return will be generated by the Public Revenue Office on the bases of the data from e-PPD and other data available to it).
As of August 2017, the Public Revenue Office will start with activities to involve all stakeholders (focus groups) in the process of testing the new electronic calculation for PIT and the e-PPD form.
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