The cross-border exchange of information for tax purposes between the tax administrations is of crucial importance for the detection and prevention of tax evasion, for increasing revenues, ensuring the appropriate application of taxes and the treaties for the avoidance of double taxation, domestic tax compliance and protection of own tax bases.
Taking into account the globalization of the economy, activities for revenue mobilization and increasing tax compliance are very much needed. With this, the loss of income will be reduced, and fair taxation and a higher percentage of realized income will be ensured.
Having in consideration that Republic of North Macedonia is member country of the OECD Global Forum, is committed to meeting the OECD's international standards for transparency and exchange of information – exchange of information on request and automatic exchange of information.

The current and future activities in this area were subject of discussion at the meeting held yesterday between the Director of the Public Revenue Office, Mrs. Elena Petrova and the Head of the OECD’s Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Mrs. Zayda Manatta.

At the meeting, it was emphasized that the Public Revenue Office remains committed to the process of establishing the automatic exchange of information for tax purposes through the implementation of electronic systems for automatic exchange and meeting the standards for confidentiality and data protection, as well as the coordination of the activities with the Ministry of Finance in order to express a formal commitment to start the process and pass the necessary legislation.

Tax administration should be transparent, fair, efficient and effective, and the exchange of tax information according to international standards, especially the automatic exchange of information, provides these opportunities in the existing globalized and digitized economy.