AMENDMENTS TO THE LAW ON PAYMENT OPERATIONS OF THE REPUBLIC OF MACEDONIA

The Law on Amending the Law on Payment Operations published in the “Official Gazette of the Republic of Macedonia” No. 7/2019 on 14 January 2019 amended the Article 1 of the Law on Amending the Law on Payment Operations (“Official Gazette of the Republic of Macedonia” “Number 193/17) in a way that the words: “31 December 2018” are replaced with the words “31 December 2019”, which means that the application of the Article 25 paragraph 1 of the Law on Payment Operations has been postponed for another year.

Just as a reminder, in Article 25 paragraph 1 of the Law on Payment Operations, the following is regulated: “Any participant in payment operations who has blocked transaction account cannot make payment with calculation”,  so with the new amendment for the participants in the payment operations with a blocked transaction account is given a time period of another year for eventually concluding agreements in which there is a change of creditor or debtor.

If you need any further information and advice regarding the published, please feel free to contact us here.

Source of the published regulations: www.slvesnik.com.mk

Share via:

Leave a Comment

Your email address will not be published. Required fields are marked *