The Parliament of Moldova adopted the draft fiscal and customs policy for 2025 in the second reading
The document developed by the government provides for a set of measures aimed at ensuring economic, social and investment sustainability. The bill contains amendments to 13 laws to bring fiscal legislation into line with the development of economic and social processes in the context of the European integration process of Moldova. The proposed measures and instruments are aimed at promoting the creation of a harmonized, fair and efficient tax system. According to the document, in particular, the amount of personal exemption and exemptions for dependents will be increased by 10%. The range of tax-free income will also be expanded. It's about income received by individuals from the sale of a car that has been owned for at least 3 years; income of individuals from interest received on government securities and bonds issued by local governments; income received from the sale of electricity by individuals who produce renewable energy and to which the net metering/net invoicing mechanism is applied. The changes also provide for simplification of the tax reporting process for micro-enterprises with no more than 5 employees. At the same time, the document establishes the expansion of the financial autonomy of local authorities, offering the right to increase real estate and land taxes up to 300% for buildings and unkempt urban lands, as well as for agricultural lands that have not been cultivated for 2 years in a row. The tax for dog owners will be abolished and the rules governing the tax on the placement of active improvements will be adjusted until December 31, 2026. Penalties for customs declarations or accompanying documents for goods with incorrect data will also be reduced from 40% to 2% if the goods passed full physical control and received customs clearance of advertising and tax on advertising devices. In the customs sector, the project aims to extend the validity of permits for special customs regimes until January 1, 2027 and exemption from guarantees for goods placed under the customs regime of temporary import for technical and investment assistance or projects// 25.07.2024 — InfoMarket.
