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The tax reforms in the Republic of Macedonia in the post-recession

By Olivera Gorgieva-Trajkovska and Aleksandar Kostadinovski


ABSTRACT A modern tax system and efficient tax administration is the basis for the economic development of each country. Increased workloads, expanded responsibilities and continuing demands for faster and better tax reporting drive tax departments to become more efficient and effective. The recent reforms of the tax system in Republic of Macedonia which involves lower taxes and modernization of tax administration, should leads to a modern, simple, transparent and fair tax system that contributes to improvement of the business climate in the country. Not only has regulatory and investor scrutiny been heightened, but the corporate governance landscape and the marketplace are also undergoing rapid change. This raises the responsibility of tax accounting in the companies for: embedding best practices throughout the process; optimizing efficiency and use of time; enhancing accuracy and transparency; managing corporate tax risk; improving data management; and strengthening the tax reporting function. Key words: tax reform, modernization, administration, flat tax, effect

Topics: Economics and business
Year: 2010
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