The Public Revenue Service (UJP) starting today began tracking flows of revenue from abroad received by Macedonian citizens. The Finance Ministry recently ordered banks to provide data to UJP which would allow the tax authority to look into every international transaction and automatically receive information on the recipient’s name, home address, date and amount received.
It is expected that UJP will use this data multifold: It can investigate citizens on money received from relatives or friends, it will review the annual tax receipts and will seek out tax evasion from Macedonian citizens who work on projects for international employers.
UJP assures the public that data privacy will be protected under the new law and that remittances from close friends or family members may not be taxed if evidence is provided in a timely manner.
