North Macedonia Publishes Draft Law on Electronic Invoicing
North Macedonia’s Ministry of Finance has published the Draft Law on Electronic Invoicing, which sets out the legal framework for a centralized e-invoicing system, e-Faktura, administered by the Public Revenue Office (PRO). The platform would support the issuance, validation, receipt, acceptance, rejection, correction, cancellation, storage, and exchange of electronic invoices and related documents in a structured electronic format.
The introduction of e-invoicing is expected to significantly impact invoicing processes, ERP environments, internal controls, and VAT compliance procedures, so businesses are advised to assess their readiness and any required system or process changes ahead of implementation.
Definition and Validity of an E-Invoice
The draft law defines an electronic invoice as an invoice for a completed transaction that is issued, transmitted, and received via the e-Faktura platform in a structured electronic format that enables automatic processing.
For an e-invoice to be legally valid, it would need to be:
- issued through the e-Faktura system
- signed with a qualified electronic signature
- validated by the platform
- assigned a unique invoice identifier (EIF) and an electronic timestamp
The PRO would operate the platform, carrying out technical validation checks and assigning the EIF and timestamp before the invoice is considered valid.
Scope
The system would cover a broad range of entities, including VAT-registered businesses, non-VAT-registered entities performing economic activities, public sector bodies, state-controlled organizations, tax representatives, and certain self-billing arrangements.
Covered documents would include standard invoices, credit and debit notes, advance invoices, invoices issued to foreign persons, construction-related documents, and various VAT-related reports.
Acceptance and Rejection
Recipients would accept or reject e-invoices on the platform until the 10th day of the month following the transaction date. If no action is taken by that deadline, the invoice would be deemed accepted and could be used for tax and accounting purposes. Related documents, such as delivery notes, would have to be reported through the system within two days of the transaction.
Implementation Timeline
The draft law provides for a phased rollout:
- October 1, 2026 – voluntary registration in the system
- April 1, 2027 – VAT-registered taxpayers, including certain public enterprises and state- or municipally-controlled companies, must issue and receive e-invoices
- July 1, 2027 – non-VAT-registered businesses must issue and receive e-invoices
- October 1, 2027 – budget users, public and non-profit institutions, and the National Bank
- January 1, 2028 – all remaining entities
There’s more you should know about global e-invoicing changes – learn more about the new and upcoming regulations.
