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North Macedonia VAT Reductions for Basic Food Products, Fuel, and Electricity

|Approved Changes|North Macedonia
North Macedonia

North Macedonia's Revenue Office has issued a release announcing amendments to the VAT law approved on 11 March 2022 that reduce the VAT rate on certain products. This includes a reduction in the VAT rate to 0% for basic food products, including bread, sugar, flour, sunflower oil, milk, fresh meat, rice, and eggs. Further details published by the Revenue Office clarify that the reduction is e…