Kovachevski: Our country has the lowest VAT in the region and the longest list of products with preferential VAT rate

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Macedonian Prime Minister DimitarKovachevski said Saturday that Macedonia has the lowest VAT in the region and the food products whose prices have increased continue to have a preferential VAT rate.

“Our country has the lowest VAT compared to all the countries in the region, and if you compare it with all the countries in the EU, it is also the lowest. We have a basic VAT rate of 18 percent, Serbia has 20 percent, Croatia has 25 percent, Greece has 21 percent, Albania has 20 percent, which means they all have a higher basic tax rate than ours. Second, when we look at the list of products taxed at a preferential VAT rate of 5 percent, it includes 1,600 products that represent basic food items in our country. It is also the largest list of products taxed at a preferential VAT rate of 5 percent, which are used in our households and by our citizens,” said Kovachevski.

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