E-invoicing in North Macedonia

Last modified on 2023-08-08 in Countries

E-invoicing, or electronic invoicing, is the process of sending and receiving invoices electronically, instead of using traditional paper-based methods. E-invoices offer numerous benefits, including increased efficiency, reduced costs, and improved accuracy in the invoicing process.

The Macedonian Tax Authority has recently announced the planned implementation of B2G and B2B e-invoicing for 2024. The affected taxable persons must adjust their invoicing processes to align with the impending regulations.

Implementation timeline

• 1 November 2020: An electronic invoice has equal standing to a paper invoice

• 2024: Proposed B2G and B2B e-invoicing implementation

E-Faktura Project

Currently, Macedonia has put in place the e-Faktura project, which is working on creating a plan for the implementation of electronic invoicing.

VAT Invoices

Taxpayers in North Macedonia must issue invoices in compliance with the Macedonian VAT Act within 5 working days of the supply.

If a supply is made to an end consumer, the supply must be recorded through a cash register and a receipt must be issued to them.

Electronic Invoicing

Currently, electronic invoicing is not mandated in North Macedonia, but companies may voluntarily issue it with the written consent of the buyer.

If the agreement is made, the issuer must sign the e-invoice with an electronic signature to ensure its validity.

Benefits of e-invoicing in North Macedonia

Despite e-invoicing in North Macedonia being voluntary, there are many benefits that taxpayers can take advantage of:

Enhanced Efficiency

E-invoicing in North Macedonia streamlines the invoicing process, reducing manual errors and administrative burdens. It enables businesses to exchange invoices electronically, leading to faster processing times and improved efficiency in financial transactions.

Cost Savings

Adopting e-invoicing eliminates the need for printing, postage, and physical storage, resulting in significant cost savings for businesses. Additionally, reduced processing times and automated workflows contribute to lower operational expenses.

Automation and data integrity

E-invoicing ensures enhanced accuracy and data integrity through automated validation processes, reducing errors, disputes, and the risk of fraud.

How DDD Invoices can help your business

Here are the benefits of choosing DDD Invoices as your e-invoicing service provider:

• Unlock the ability to send and receive e-documents around the world, without worrying about local e-invoicing compliance issues. Through our API, we automatically fill in your invoice data and send the invoice to the proper authorities, letting you focus on your core business processes and we manage the bureaucracy.

• Seamlessly integrate into your current invoicing system, ERP, or CRM in as little as one day. Enjoy an error-free and automated invoicing process through our secure and reliable service.

FAQs about e-invoices in North Macedonia