Amendments to Profit Tax Law.

The article discusses the amendments in the Profit TaxLaw in Macedonia which were implemented starring April 2011. It says that the amendments will greatly influence foreign companies that have active offices in the country. It mentions that the changes affect the regulations and provisions related to tax base in which a tax period is equivalent to a firm's non deductible expenses with the addition of the difference between the actual and reported income. According to the author, other taxable expenses include expenses related to the use of personal vehicles for business reasons.