PAST EVENTS
AmCham & KPMG in Macedonia
Publish Key International Standards
in Macedonian
This spring, AmCham Macedonia and KPMG Macedonia published a Macedonian version of the OECD’s
Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. To mark the completion
of this important project, the organizations hosted a
cocktail on March 20th in Skopje for more than 50 representatives of the international business community, international organizations and local enforcement institutions.
Arkadiusz Mierzejewski, Partner, Tax at KPMG in the
Balkans added that, “this book ensures an appropriate tax base in each jurisdiction, avoids double taxation and minimizes conflicts between taxpayers and
tax administrations as well as those between different tax jurisdictions. This should be seen as a “winwin” for both taxpayers and the tax administration.”
At the event, Executive Director, Michelle Osmanli
said that “the book is a tangible expression of AmCham Macedonia’s priority to encourage clarification of laws impacting international businesses as
well as the predictability of their implementation.”
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 pricing (the
valuation, for tax purposes, of cross-border
transactions between
associated enterprises).
The goal of translating this book of definitions and standards
into Macedonian is to
encourage a common
understanding and expectations between
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Emerging Macedonia Spring 2014 Issue 41