North Macedonia Approves Pillar 2 Top-Up Tax

The Parliament of North Macedonia reportedly approved a new law on 27 December 2024 for the introduction of a qualified domestic minimum top-up tax (QDMTT) in line with the Pillar 2 global minimum tax rules to ensure a minimum effective tax rate of 15% for in-scope MNEs. The QDMTT generally applies from the 2024 fiscal year for resident MNEs of groups with annual consolidated revenue of at least EUR 750 million in at least two of the preceding four fiscal years. Initial reporting is required …