17th July 2018, Skopje – Republic of Macedonia adheres to the international standards and trends on preventing tax evasion and tax avoidance, Deputy Minister of Finance, Shiret Elezi, pointed out at the High-Level Event on Development in International Tax Cooperation, Fighting Tax Evasion and Avoidance, held in Tbilisi, Georgia.

Deputy Minister underlined that Macedonia would implement BEPS (Base Erosion and Profit Shifting) standards by the end of 2019. These standards refer to reducing the possibilities for tax avoidance by profit shifting in the so-called tax havens. Macedonia also cooperates with the Global Forum on Transparency and Exchange of Information for Tax Purposes, Elezi said.

Republic of Macedonia also uses the avoidance of double taxation agreements as a legal framework and basis for preventing tax evasion, Elezi said, and Republic of Macedonia has concluded such agreements with 48 countries.

Minister of Finance of Georgia, Ivane Machavariani, Governor of the National Bank of Georgia, Koba Gvenetadze, Director of Center for Tax Policy and Administration at the OECD, Pascal Saint-Amans and Deputy Minister of Economy and Finance of Albania, Elton Haxhi, also took part in the High-Level Event. More than 60 participants from 20 countries, as well as representatives from Ministries of Finance, National Banks, PRO Directors, EC, World Bank and OECD representatives took part in the High-Level Event.

 

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