Presidential veto represents an important constitutional me-chanism these days. As such, it is ipso jure related to the President of a state being allowed to return a draft law that has been approved in parliamentary procedure for reconsideration. Therefore, taking into account the importan-ce and legal consequences a presidential veto produces in respective count-ries, this paper first aims to study the different models foreseen regarding the right of veto in the constitutions of various countries in the world as well as its uses and transformations and has come to the conclusion that few countries are found these days to have foreseen in their legal acts the right of absolute veto or pocket veto. The study also takes a special look at the constitutional terms within which a president is forced to sign the decree for promulgating the law following the results of the use of an unsuccess-ful presidential veto. This paper also analyzes the right of presidential veto belonging to the President of the Republic of North Macedonia (RNM) with special emphasis on its use so far by the presidents of RNM using the analy-tical and comparative legal methods. The study’s aim is to detect legal defi-ciencies and loopholes that have resulted from the use and implementation of the presidential veto so far.