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Socio-economic measures for the coronavirus crisis in the Republic of North Macedonia

  • The state saves jobs, MKD 14,500 per month per employee for April and May, for companies affected by the crisis or 50% of the cost of contributions for each employee
  • Assistance for athletes – MKD 14,500 for the months of April and May, direct funds for athletes and sports workers to save their jobs
  • Help for artists
  • Cash compensation for the citizens who lost their jobs due to the crisis, in accordance with the length of service through the Employment Agency
  • All elected and appointed officials received a minimum salary of MKD 14,500 in April and May 2020
  • Chairmen and members of management and supervisory boards of public institutions will not receive compensation for the duration of the crisis
  • The state takes care of people who were part of the informal economy and lost their income - provides financial assistance to households and utility allowance for social security beneficiaries
  • The Law on Enforcement is suspended until the end of June
  • Postponement of bank loans
  • Reduction of the installment and reprogramming of the loans with the financial companies and leasing companies
  • Postpone the payment of rent for the users of social housing
  • Additional interest-free loans for companies of new EUR 8 million
  • EUR 50 million cheap loans from the Development Bank of the Republic of North Macedonia placed through commercial banks to protect the liquidity of companies
  • Initiation of a bankruptcy procedure is prohibited
  • Mandatory use of the first part of the annual leave
  • Establishment of the COVID-19 solidarity fund
  • Reduction of royalties
  • Uninterrupted transport of goods, road traffic and facilitation of the work of the companies from the construction sector during the state of emergency
  • Support for maintaining economic activity and exports
  • Financial support for the months of April and May 2020 in the amount of MKD 14,500 per month for individuals who perform independent activity
  • Subsidizing 50% of the contributions for the employees in companies from the sectors of tourism, transport and catering and other companies affected by the coronavirus
  • Freezing the prices of lemon, orange, tangerines, grapefruit and clementine
  • Prohibition on export of wheat and flour
  • Freezing, prolonging or rescheduling loans to citizens and companies affected by the corona crisis
  • Exemption from payment of the amount of advance payments of personal income tax and the amount of advance payments of profit tax for the months of March, April and May 2020
  • Support for payment of salaries, which continues to be valid for the last quarter of the year, i.e. for the months of October, November and December
  • Payment cards for citizens for higher consumption and for development of domestic economic activities
  • Increasing the grace period for interest-free loans from KOVID-1
  • New EUR 100 million favorable loans from the Development Bank of the Republic of North Macedonia
  • Salary support for tour guides
  • Refund of the tourist tax for 2019 to support the tourism sector, as one of the most affected by the crisis
  • Grants for travel agencies from EUR 3,000 to EUR 7,000
  • Reduction and / or abolition of para fiscal duties
  • Grants for restaurant specialised for weddings
  • Renewal of licenses for operation of discos, nightclubs and companies from the transport community
  • Grants for children playgrounds
  • Support for craftsmen
  • State credit guarantee
  • State customs guarantee
  • Additional postponement of loan repayments for companies, until the end of the year
  • Reduction of the penalty interest for public duties by half from 0.03% to 0.015% by the end of the year
  • Postponement of advance payment of income tax
  • Exemption from VAT for public donations, for another 12 months
  • Reduction of the VAT rate for restaurant services and food and beverage service, by which these services will be taxed with a new preferential VAT rate of 10% instead of the current regular rate of 18%
  • Deferred payment of VAT
  • Deleting the requirement for accumulating points from Continuing Professional Development (CPI) for renewal of the license for accountants
  • Increase the period to cover losses at the expense of future profits
  • Increasing the threshold which the entities would be part of non-tax corporate income tax regime with and increasing the threshold which the entities would enter the total income regime with
  • Recognition of the cost of private health insurance as a recognised expense
  • Recognition of test costs on COVID - 19, also recognised as an expense
  • Reduction of import duties for raw materials
  • Support for human capital development
  • Support for the purchase of grapes from the 2020 harvest
  • Exemption in the amount of 2/3 of the legally prescribed amount for organisers of games of chance
  • Change of calculation of the basis for financing of the Local Self-Government Units
  • Weekend without VAT

Source: https://vlada.mk/ekonomski-merki-covid19

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