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15 Iustinianus Primus L. Rev. 1 (2024)

handle is hein.journals/iusplr15 and id is 1 raw text is: Aleksandra Maksimovska Stojkova* Elena Neshovska Kjoseva** MACEDONIAN TAX LEGISLATION COPING WITH THE EU INTEGRATION: REFORMING PROCESSES Abstract.............................................1 III. Implementation of EU Directives into the I. Introduction.....................................2 Macedonian income tax legislation............3 II. Harmonization of the Macedonian system IV. Tax policy recommendations...............7 of indirect taxation with the EU Tax Law....3 -Abstract- Four years before the Macedonian authorities submitted the request for membership in the European Union, they have started the process of tax harmonization with the EU law. Therefore, in 2000 the legislator adopted the Law on the Value Added Tax that was completely established on the basic principles of the VI VAT directive, considered as the raison d'etre for VAT in every EU member states. Different from the obligation to harmonize the national legislations with the EU rules in the area of indirect taxation, countries still preserve their tax sovereignty regarding the direct taxes. However, contemporary supranational tax problems and challenges, such as the issue of transfer pricing, aggressive tax planning, hybrid tax mismatches etc., require cross-border cooperation, mutual coordination and implementation of the measures adopted on EU level. In this context, most important is the EU Anti-Tax Avoidance Directive of 2016, which is a set of minimum standards and rules that aim to create a business environment with fair conditions for all EU members. For this entire pre-accession period, the Republic of North Macedonia has undertaken series of reforms in the area of income taxes, although all the changes and amendments were or still are in direction of relaxing the tax policy. Since the current corporate tax system has not provided the much wanted and expected benefits, the country is still suffering from the significant tax revenue losses. It is the right moment to undertake serious steps toward reforming the Macedonian income tax legislation. These legal changes should be implemented regardless of the status of North Macedonia in the EU integration process, considering that vital interest of every country is to have sustainable and healthy public finances. Key words: indirect taxes, tax harmonization, direct taxes, tax avoidance, corporate taxation. * Full time Professor, PhD, University Ss. Cyril and Methodius - Skopje, Faculty of Law Iustinianus Primus, Department of Financial Law, bul. Goce Delcev 9b, 1000 Skopje, Republic of North Macedonia, a.maksimovska@pf.ukim.edu.mk ** Associate Professor, PhD, University Ss. Cyril and Methodius - Skopje, Faculty of Law Iustinianus Primus, Department of Financial Law, bul. Goce Delcev 9b, 1000 Skopje, Republic of North Macedonia, e.neshovskaapf.ukim.edu.mk 1

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