KPMG's Tax News outline and highlight legislative changes and trends in the area of tax.
Personal Income Tax Law
The amendments to the Personal Income Tax Law (PIT Law) discussed in the previous issue of KPMG’s Tax News from 14 November were passed by the Macedonian Parliament and promulgated in the Official Gazette no. 190 dated 25 December 2017. They will become effective as of 1 January 2018.
The amendments mainly focus on the introduction of certain requirements for calculation and payment of personal income tax and will impact both legal entities and individuals.
In summary, the key amendments include:
How can KPMG assist?
Tax Compliance Services for legal entities
KPMG’s Tax Team can assist you to comply with the requirements for legal entities and the preparation and submission of electronic calculation for payments towards employees and individuals.
Tax Compliance Services for individuals
In relation to the compliance obligations for individuals, we can provide advice about the tax compliance requirements as well as full scope tax compliance services and practical assistance with the preparation and submission of electronic calculation for payment of advance personal income tax and assistance with the review of the annual income tax return.
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