On 30 August 2019, North Macedonia deposits ratification instruments for Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“Convention”) (Link). The signing on 27 June 2018 raised the total number of jurisdictions to 124 (Link-Blog).
The Convention is one of the most important and powerful instruments in the area of international tax cooperation. It provides for all forms of administrative assistance in tax matters, e.g. exchange of information on request, spontaneous exchange, automatic exchange, etc. Furthermore, the Convention provides for the extensive safeguards concerning the protection of the taxpayers’ rights. As the Convention is the premier instrument for the implementation of the Common Reporting Standard (“CRS”), North Macedonia is closer to become a CRS participating jurisdiction (Link).