North Macedonia Introduces Solidarity Tax on Taxpayers with Income Exceeding MKD 615 million in 2022

North Macedonia's Public Revenue Administration has announced that the Law on the Solidarity Tax was published in the Official Gazette on 25 September 2023. Taxpayers subject to the Solidarity Tax include those with total annual income exceeding MKD 615 million in 2022. The standard tax base for the Solidarity Tax is calculated as the corporate tax base for 2022, minus 1.2 times the average tax base in 2018, 2019, and 2020 (i.e., increased by 20%). If more favorable for the taxpayer, the tax…