Global Forum on Transparency and Exchange of Information for Tax Purposes › Phase 2 Peer Review Report Summary: Former Yugoslav Republic of Macedonia
The Phase 2 review of the Former Yugoslav Republic of Macedonia (the “Republic”) rates the Republic as overall largely compliant with the international standard. Overall the Republic has had minimal difficulties during the review period in answering requests in a timely manner; this is because of the Republics heavy reliance on conducting audits to respond to an EOI request. Although, conducting audits has generally worked in practice it is not perfectly adapted for EOI purposes and there have been instances where these limitations have prevented effective EOI. The Republic should report steps taken to address the recommendations made in the Phase 2 report within twelve months. For further information on the Republic’s exchange of information practices and to read the full report click here.