Moldova
Corporate taxes and other direct taxes
General CIT is 12%. To compute taxable profit, the accounting profit is adjusted upwards (with non-deductible expenses) or downwards (with non-taxable revenues). Tax losses are carried forward for 5 years.
For CY 2023-2025, a special tax relief is being applied for limited liability companies and joint stock companies that represent SME (small and medium enterprises) – CIT calculated for CY 2023-2025 is paid to the State Budget only in the case of dividend payments. This tax relief is not applied to financial and insurance companies.
Moldova has a treaty network consisting of 50 double tax treaties. The WHT rate on dividends is 6%, while for interest and royalties it is 12%.
Capital gains from the sale of shares and other capital assets are taxable for non-residents – at 12% for legal persons; for individuals, only 50% of the capital gain is taxed at the rate of 12%. The relevant double tax treaties are applicable.
A compulsory micro-company scheme is applicable for companies not subject to VAT and with revenues below MDL 1,200,000 (approx. EUR 58,500) for a calendar year:
• 4% on total revenue
A microenterprise may opt for the CIT regime if it fulfils the following:
• it becomes a VAT payer;
• more than 50% of its revenue is generated by VAT-exempted supplies
A special tax regime applies for residents of IT Parks (Law No 77/2016): 7% on monthly sales income, but no less than MDL 3,510 per employee per month (Unique Tax). This regime is available for the period until 2037 inclusive. 70% of the sales generated by a resident should correspond to the list of IT services approved by law (including 3D programming and R&D). Starting February 12, 2024 the Law is also applicable to Business Process Operations Outsourcing that is 100% provided to exports.
This unique tax includes all payroll taxes, social insurance contributions, compulsory state health insurance, and all local taxes. Consequently, a resident of an IT Park is liable for a special tax, withholding tax, and VAT.
Level of attention paid by Tax Authority:
N/A
VAT and other indirect taxes
The general rate is 20%. Reduced rates are 8% (e.g. bread, milk and dairy products, medicines, natural gas, agricultural products, etc.) (hotel accommodation, restaurant services).
VAT-exempt activities include medical services, financial and banking services, insurance and reinsurance, sale and rental of land and residential premises (houses and apartments), certain types of educational and training activities, and other activities of public interest.
Other indirect taxes applicable include excise and environmental tax.
| VAT options in Moldova |
Applicable / limits |
| Distance selling |
 |
| Call-off stock |
 |
| VAT group registration |
|
| Cash accounting - yearly amount in EUR (approx.)* |
|
| Import VAT deferment |
AEO, tax on goods is paid no later than when custom clearance is performed. |
| Local reverse charge |
Sale of collaterals and property of bankrupt entities. |
| Option for taxation |
| - letting of real estate |
Land and residential premises are exempt. |
| - supply of used real estate |
VAT is not calculated for individuals on real estate transactions |
| VAT registration threshold* |
approx. EUR 58,800 |
Personal income tax / Social security system
A 12% flat-rate tax is applicable to revenues obtained from dependent activities (e.g. employment or activities assimilated to employment) or independent activities (freelancers). Annual personal exemption is applied to the amount of EUR 1,350.
Social Security Contribution (24% – employer part) and Health Insurance Contribution (9% – employee part).
Dependent activities are subject to HIC at the employee (9%) and SCC at the employer level (24%).
A 24% SCC rate is applied to meal vouchers.
The minimum monthly gross wage for the period starting January 1, 2024 in the real sector is MDL 5,000 per month.
Wage related taxes
in Moldova |
Minimum wage
|
Average wage
in private sector |
| Exchange rate MDL/ EUR |
in EUR |
in MDL |
in EUR |
in MDL |
| 19.35 |
258 |
5,000 |
780 |
13,700 |
| Total wage cost |
320 |
124.00% |
878 |
124.00% |
| Vocational training contribution |
- |
|
- |
|
| Social Contribution tax |
62 |
24.00% |
170 |
24.00% |
| Health Insurance Contribution |
- |
|
- |
|
| Gross salary |
258 |
100.00% |
708 |
100.00% |
| Personal income tax* |
14 |
12.00% |
63 |
12.00% |
| Employees' Social contributions |
- |
|
- |
|
| Employees' Health contributions |
23 |
9.00% |
64 |
9.00% |
| Net salary* |
221 |
86.83% |
581 |
82.39% |
*Personal tax excemption in the amount MDL 27000 is applied annually (27000/12 monthly)