A citizen of Skopje, whose name was not revealed, whom the parents left after the death of 15,000 euros which were kept "under the pillow", he decided to take the inherited money to the safe place - in the bank. However, instead of interest, he suffered a shock, because the Public Revenue (PPA) took 70 percent of the amount, or 10,500 euros in taxes!
After the breakdown of Yugoslavia, many citizens withdrew their money from the banks and saved it at home. Later some returned to the banks, but then they faced new, great problem - they should prove the origin of the money. Otherwise, the money would be taxed, more precisely, more than half of it would be taken away.
Since there is no regulation in Macedonia on how to legalize that money to the satisfaction of both parties - the bank and its clients, it turns out that the most cost-effective for the citizens is to keep that money at home, despite the possibility thieves may rob it.
Bankers explain that they, according to the Law on prevention of money laundering, have an obligation to make the "analysis" on a client if he invests 15,000 euros on the account , or a large amount of money regardless of the currency. Bankers must inform the Directorate for Financial Intelligence about such transactions , and he then analyzes each individual case, and depending on the findings, passed documents to the competent institutions.
If the document arrives to Public Revenue, the process begins of determining the origin of property. In case if the Public Revenue Office can not determine how the assets were acquired, it can be taxed at the personal tax of as much as 70 percent.
(Telegraf.co.uk / D.J.)