Q & A: NGO and income tax – present and future possible solutions
A possible solution – exemption from taxation for realizing statutory objectives
We asked Mrs. Dushica Kostovska – Jakovchevska from the Tax Policy and Administration Sector in the Ministry of Finance of the Republic of Macedonia if the civic organizations’ income should be taxed as it is being done, or some more favourable solutions should be found. This is her answer:
“NGOs’ income taxation is not possible and it should not be considered only from an aspect of the domestic regulations, but it is necessary to study other countries’ innovative practice, whose solutions give a guarantee for progress in this part.