Skopje, 16 June 2020 (MIA) – In the nine months between July 2019 and March 2020, citizens have received total VAT refund of EUR 10.7 million through the MyVAT project, Finance Minister Nina Angelovska posted on Facebook Tuesday.
“Half of the total VAT refund was allocated for the first trimester in 2020,” Angelovska’s post read.
Refund amount, she added, has increased each trimester, which means that the fight against grey economy is intensifying.
“Refund for October-December 2019 was 35.8% higher than the previous trimester, while refund for January-March 2020 rose an additional 37.8%,” read the Finance Minister’s post.
Angelovska added that the number of citizens participating in the MyVAT project by scanning fiscal receipts is also on the rise.
Moreover, citizens who buy domestic products will now get 20% VAT return when scanning fiscal receipts, instead of 15%, while VAT return for foreign products will now be 10%.
Besides contributing in the fight against grey economy, read Angelovska’s post, the MyVAT project also aims to revitalize domestic economy.