Reminder: Non-working days in APRIL 2023
13 April, 2023
Changes in Profit Tax Law, VAT Law and Solidarity tax Law
22 September, 2023
With the adopted amendment to the Law on Financial Discipline, the deadline for settling the obligations of the public sector to private companies is reduced to 30 days
The deadline for settling obligations to private companies has been shortened to 30 days.
The legislative amendments that regulate this obligation were adopted by the Assembly within the 117th session.
The adopted Law shortens the deadlines in which public sector entities whose accounts are within the treasury of the Ministry of Finance and the treasury of the Health Insurance Fund are obliged to submit requests for payment of invoices due to economic operators to the treasury of the Ministry of Finance and to the treasury of the Health Insurance Fund, as well as the deadlines in which the Ministry of Finance, i.e. the Health Insurance Fund, will make the payment of the funds referred to in the submitted invoices.
HEALTH SECTOR
There is also a 30-day reduction in payments to the public sector whose accounts are within the Treasury account of the Health Insurance Fund of Macedonia, which now have a deadline of 90 days.
With the changes, these entities will pay in 80 days; from January 2024 for 70 days; and from January 2025 for 60 days.
OTHER PUBLIC SECTOR
With the legal amendments, the deadline for payments of the state’s obligations to the private sector is reduced to 30 days. That is, a gradual reduction of the payment term of the obligations of the entities from the public sector whose accounts are within the Treasury account of the Ministry of Finance is foreseen. So, from 60 days, the term is initially reduced to 50 days, from January 1, 2024, it will be further reduced by another 10 days and will amount to 40 days, and from January 2025, it will be 30 days.
The changes represent compliance with Directive 2011/7/EU of the European Parliament and of the Council of February 16, 2011 on the suppression of late payment in commercial transactions, where the deadlines for settling the obligations of public sector entities are 30 days, and in the health sector are 60 days
