Business Subsidies — Programs and accounting in MK
Subsidies and grants are non-repayable financial funds businesses receive from the state, funds or international programs for specific purposes — employment, innovation, exports, digitalization.
Definition
Subsidies and grants are non-repayable financial funds businesses receive from the state, funds or international programs for specific purposes — employment, innovation, exports, digitalization.
Details
Sources in MK: AVRM (employment subsidies), FITR (innovation and tech development), IPA funds (EU), EBRD, development programs. Tax treatment: subsidies are revenue subject to corporate income tax. Must be recorded per terms (some require amortization over the project period).
Example
You receive a 500K MKD grant from FITR for digitalization. You buy software and equipment. The grant is recorded as revenue (possibly deferred over the asset depreciation periods).