Balkans | Bobuchi: Several thousand companies will pay the crisis tax

Fatmir Potoci, Deputy Prime Minister for the Economy of North Macedonia, said that several thousand companies in the country will pay the crisis tax.

Fatmir Potucci, the deputy prime minister in charge of the economy, said that 30 percent of their profits exceeding 10 million euros this year will fall under the scope of the crisis tax, excluding banks, trading companies and companies engaged in production.

Pointing out that the tax in question will be a one-time only and is only valid for profits made this year, which is higher than the four-year average, Botucci stated that it is expected to cover several thousand companies.

Bucci emphasized that all companies with incomes of more than 10 million euros will be covered, “if the average profits of the past four years do not exceed 20 percent this year, they will be exempt from this tax. With this year’s achievement, those with an average Their profit of more than 1.2 million euros in the last four years will pay this tax. A tax rate of 30 percent is charged for the difference on top of this profit.” He rated it.

Giving an example on this subject, Botucci said, “For example, if a company’s profit is 1.2 million euros and at the same time its profits increase to 2 million euros, the difference of 800 thousand euros will be subject to profit tax of 30 percent only for the year. An additional €240,000 is payable in the name of profit tax. One might assume that it is a matter of a few thousand companies.” He said.