2014 Annual Report
Advocacy Efforts
AmCham’s advocacy activities are primarily initiated and carried out with the support of its committees
on Corporate Social Responsibility, Intellectual Property Rights, Legal & Tax issues and Workforce
Development.
Legal & Tax Committee
In 2014, the Legal and Tax committee:
•
Published the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax
Administrations in Macedonian;
Submitted a position paper to the Ministry of Finance, several other State institutions, international
organizations and foreign embassies calling for the Government to make compliance with the U.S. Foreign
Account Tax Compliance Act (FATCA) a higher priority;
Sent an official letter to the Ministry of Finance, expressing member concerns with the way the new
Profit Tax Law (Official Gazette of the Republic of Macedonia no. 112/2014) was adopted, as well as its
retroactive nature. This meeting led to a follow on meeting with Minister of Finance and Director of the
Public Revenue Office.
Advocacy Highlight: AmCham & KPMG in
Macedonia Publish Key International Standards in Macedonian
AmCham Macedonia in cooperation with KPMG Macedonia published the OECD Transfer Pricing
Guidelines for Multinational Enterprises and Tax Administrations into Macedonian. More than 50
representatives of the international business community, international organizations and local enforcement
institutions attended the cocktail to mark the completion of the adaptation and translation project.
As multinational enterprises (MNEs) play a more and more prominent role in the Macedonian economy,
transfer pricing grows in importance for tax administrators and taxpayers alike. The book provides
guidance on the application of the “arm’s length principle”, which is the international consensus on transfer
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