Macedonia approved legislation for individual income tax reform on 26 December 2018. Some of the key changes of the reform include:
- The separation of employment income, capital income, and other types of income for tax purposes;
- The introduction of a two-bracket system for employment income, income from independent activity, income from copyrights and related rights, and income from the sale of own agricultural products as follows:
- Up to MKD 1,080,000 (MDK 90,000 per month) – 10%
- over MKD 1,…