The Moldovan government will develop a new tax reform plan that calls for reducing taxes on labor and investment - Vasile Tofan
Prime Minister made this statement, noting that tax reform is a complex issue, but one that cannot be avoided indefinitely. Vasile Tofan emphasized that the state can tax consumption, investment, labor, and harmful habits. These four areas generate more than 95% of the budget, including excise taxes. “In an ideal world, we should focus solely on rebalancing these four areas: taxing labor less, taxing harmful habits more, standardizing consumption taxes, making adjustments where necessary, and so on. In our case, the matter concerns a slight increase in the ratio of tax revenues to the size of the economy. I very much hope to keep tax increases to a minimum,” Prime Minister stated. He noted that people are expecting wage increases, and to achieve this, a new wage law must be passed, which will allow for higher wages for teachers, doctors, and law enforcement officers. “To be honest, I don’t have an answer to the question of how much VAT will increase or decrease, or how certain taxes will change. This is too complex and sensitive an issue to allow ourselves to improvise here. However, I can say that we are currently working on a new concept for tax reform, which I want to present for discussions as soon as possible. And I also want to learn from the mistakes of the previous initiative. I can promise you this: we will act transparently; we will propose a tax reform that prioritizes where necessary—reducing taxes on labor and investment—but we will have to offset this in other areas,” emphasized Vasile Tofan. // 22.07.2026 – InfoMarket.
