North Macedonia has published a consolidated version of the Law on Value Added Tax including amendments regarding the registration threshold. This includes that with effect from 1 January 2020, the VAT registration threshold is increased from total turnover of MKD 1 million to MKD 2 million in a calendar year. Registration is required where the threshold was exceeded in the previous year, is expected to exceed the threshold when business begins, or exceeds the threshold during the year. It i…