Skopje, 29 June 2023 (MIA) – There is an initiative through which the topics over the unification of the Guidelines on eligible investment costs, and the amount of grants received by the companies will be overcome, and the Office of the Deputy Prime Minister in charge of economic affairs, in cooperation with all relevant ministries and other institutions, will soon come out with concrete draft-changes on laws and by-laws defining this matter, as well as the amount of grants received by the companies, said Deputy Prime Minister in charge of economic affairs, Fatmir Bytyqi and the President of the Foreign Investors Council’s Board, Viktor Mizo.

At Bytyqi’s meeting with the Board, the representatives of the FIC also requested to be a part of the working groups drafting the new law on the technological industrial development zones (TIDZ), since it mainly impacts their members, which operate within the frameworks of these zones.

According to the Government, one of the topics discussed was the implementation of a minimum corporate tax on a global level, and how North Macedonia will follow and address these global developments. 

“This issue is very important for us due to the fact our country is recognized by foreign investors as a good investment destination, and the low corporate tax is one of its comparative advantages,” said the Government. 

Additionally, the Council raised the topic of further harmonization of the country’s customs tariffs with the EU’s, and, according to the Government, the Deputy PM voiced complete readiness to reduce the tariffs on raw materials that would increase the competitiveness of domestic companies, and indirectly lead to greater value of the domestic economy, higher wages and new jobs.

Photo: Government of North Macedonia