Law aligns with EU minimum tax directive
The Parliament on December 27, 2024, adopted the law on global minimum corporate income tax, introducing the OECD/G20's Pillar Two rules with a minimum tax rate of 15% for multinational companies and large-scale domestic groups with a turnover exceeding €750 million in two of the past four years.
The law aligns with EU Directive 2022/2523 and mandates a minimum effective tax rate of 15% for qualifying groups, enforced through several mechanisms:
The law was published in Official Gazette No. 3/2025 and took effect on January 3, 2025. It applies for the fiscal year starting on January 1, 2024, except for the UTPR that will apply as of January 1, 2025.
Read a January 2024 report prepared by the KPMG member firm in North Macedonia