Could not reproduce

Global macros

Local macros

Action configuration

Result - Action log

Please create the new host and set macros than please execute the action (executed on zabbis server - not current host)

Please execute the action on zabbix server instead of current host/host. It doesn't work when action executes on zabbix_server or agent on zabbix server. Then the global macro takes priority instead of local from the host.

Please take a look into your screens:
Action should be executed on Zabbix server:

but it has been executed on local host (new server):

Same thing

Did you make an upgrade from previous version or just install the new as 5.4.x ?
Problem has been reproduced on the server upgraded from 5.0.2 and 5.2.5

Using same version as informed, 5.4.8

Ok, but as fresh installation or upgraded? Issue occurred on the version 5.4.8 upgraded from 5.2.5 and 5.0.2 

I forgot that Macro should be set on the template lever and template attached on Host, so:
1. Please create the template with {$Macro1} and set the value as Local1
2. Please attach the template on host Debian Playground
3. Please create the global macro as {$Macro1} with value Global1
4. Please execute the action on Zabbix Server with parameter from Host from Template.

Hello,

The issue occurs still when you will attach the template on host.

Br

Confirmed problem when "Template Level" macro is changed at host level:

I replicated the environment and new situations reported by you, and this was the result:

1. I created a server that was upgraded from version 5.2.5 to 5.4.8
2. I created a macro at the template level
   
3.  Applied this template to my host and changed value of macro
   
4.  Created action to be executed on host
   
5. Forced alert and looked Action Log page
6. Result

I don't understand when you say to create at the template level and then at the global level, as the result is to use the macro value at the template level. However, it follows the result when doing as described