Moldova legal and accounting and tax considerations in 2024

legal obligations and tax planning in Moldova

  1. The standard corporate tax rate levied on all net profits derived from Moldova is at a flat rate of 12%. Tax returns are filed yearly and the fiscal year runs January 1st to December 31st so taxes must be filed by the 31st of March of the subsequent fiscal year;
  2. Branches pay a corporate tax rate of 12% and there is no branch remittance tax in Moldova;
  3. The standard VAT rate levied on provision of goods and services in Moldova is at a flat rate of 20%. VAT is not levied on exports;
  4. Capital gains tax in Moldova is levied at the rate of 6%;
  5. Withholding tax levied on i) dividends paid to both residents and non-residents at 6% ii) royalties paid to both residents and non-residents at 12% iii) interest paid to residents at 15% and to non-residents at 12% and iv) services at 12% to non-residents. Rents are taxed at the rate of 10%;
  6. Losses can be carried forward for up to three years;
  7. Employers must submit to the relevant authorities social security contributions on behalf of their employees at the rate of 23% as well as medical insurance contributions at the rate of 4%;
  8. The National Bank of Moldova determines foreign exchange controls and foreign investors can freely repatriate profits to other countries;
  9. Moldova has concluded double tax avoidance treaties with 45 countries including Belgium, France, Germany, Spain, Switzerland and the United Kingdom;
  10. Healy Consultants Compliance Department will assist our Clients with i) documenting and implementing accounting procedures ii) implementing financial accounting software iii) preparation of financial accounting records and iv) preparing forecasts, budget and sensitivity analysis;
  11. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

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For additional information on our accounting and tax services in Moldova, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
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