TAXATION WITH PROFIT TAX IN NORTH MACEDONIA

According to the regulations of the Law on profit tax, taxation in North Macedonia with profit tax amounts 10% as flat rate taxation. Tax payer of the profit tax is a legal person resident in North Macedonia which has profit from doing activity in North Macedonia and abroad. Character of resident in North Macedonia is … Read more

TERMS FOR FAILING UNDER THE STATUTE OF LIMITATION FOR DAMAGE COMPENSATION IN NORTH MACEDONIA

According to the regulations in the Macedonian Law requests for compensation of caused damage fall under the statute of limitation after three years from the date when the damaged person have found out the damage and the person which caused the damage and in any case latest after five years after the date at which … Read more

Acquiring North Macedonian citizenship for foreign citizens with origin from North Macedonia /Part 1

The principal modes of acquisition of citizenship in North Macedonia (NM) are:origin, birth on the territory of NM, naturalization, and int. agreements. Foreign citizens with origin from NM use the origin and naturalization mode. Conditions for NM citizenship by origin: Under the above conditions NM citizenship can also be acquired by a person who is … Read more

RECOGNITION AND EXECUTION OF FOREIGN COURT JUDGMENT IN NORTH MACEDONIA

Foreign court judgement has the same legal effect in North Macedonia only if it is recognized by a court in North Macedonia.The submitter of the request for recognition of the foreign court judgement is obliged enclosed to its request to enclose the foreign court judgement in original or in certified copy and to enclose confirmation … Read more

AUTHORIZATIONS OF COMMERCIAL TRAVELER ACCORDING TO NORTH MACEDONIAN LAW

According to the Macedonian Law on obligations commercial traveler of a trading company is authorized to undertake only the activities related to sales of goods and which are contained in the authorization issued by the trade company. In case of uncertainty, it is considered that the commercial traveler is not authorized to conclude contracts but … Read more