The accounting view of tax reforms in Republic of Macedonia

Kostadinovski, Aleksandar and Gorgieva-Trajkovska, Olivera (2010) The accounting view of tax reforms in Republic of Macedonia. In: 2-nd Balkans and Middle East Countries Conference on Auditing and Accounting History (2.BMAC), 15-18 September, 2010, Istanbul, Tyrkey.

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Abstract A modern tax system and efficient tax administration is the basis for the economic development of each country. Increased workloads, expanded responsibilities and continuing demands for faster and better tax reporting drive tax departments to become more efficient and effective. The recent reforms of the tax system in Republic of Macedonia which involves lower taxes and modernization of tax administration, should leads to a modern, simple, transparent and fair tax system that contributes to improvement of the business environment in the country. Not only has regulatory and investor scrutiny been heightened, but the corporate governance landscape and the marketplace are also undergoing rapid change. This raises the responsibility of tax reporting in the companies for: embedding best practices throughout the process; optimizing efficiency and use of time; enhancing accuracy and transparency; managing corporate tax risk; improving data management; and strengthening the tax reporting function. Keywords: taxes, corporate tax, income tax, flat tax, tax reforms, tax payment, tax reduction, tax system, tax administration, tax harmonization, tax competence, investment, economic growth.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Olivera Trajkovska
Date Deposited: 24 Nov 2012 10:45
Last Modified: 24 Nov 2012 10:45

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