The National Bank of Moldova has once again raised its benchmark interest rate, bringing it to its highest level in the past three and a half years. The decision reflects a noticeable tightening of monetary policy: this article examines how the rate has changed in recent months and what levels the regulator has set in the past.
The National Bank of Moldova has once again tightened monetary policy by raising the benchmark rate and adjusting a number of related instruments. The decision was made amid accelerating inflation and revised forecasts, though the regulator left reserve requirement ratios unchanged.
The State Tax Service of Moldova is strengthening its cooperation with the OECD as part of efforts to align national tax legislation with international standards. During talks in Paris, participants discussed next steps for implementing the BEPS recommendations, modernizing tax administration, and expanding technical support, which may affect key areas of tax control and regulation.
Moldova has approved amendments to the Tax Code that provide for a phased increase in fuel excise taxes over the next three years. The decision will affect several types of fuel at once and is part of an effort to align tax rates with European standards and environmental goals.
In Moldova, the coefficient used to determine the base price for cigarettes and cigarillos will increase from 1.46 to 1.57 in 2027
Moldova has approved a phased increase in excise taxes on tobacco and related products over the next three years. The changes will affect several categories of goods at once and provide for different rate schedules depending on the type of product, which could have a significant impact on the market and consumer prices.
Moldova is discussing with the EU transition periods for a number of tax rules that may affect certain transactions, tax breaks for the agricultural sector, excise taxes, and special regimes for specific economic zones. The Ministry of Finance emphasizes that this involves a gradual adaptation of the tax system to European standards, taking into account the impact of the reforms on businesses and citizens.
The income tax rate for peasant (farmer) households will rise from 7% to 12% in 2027
The IMF raised its GDP growth forecast for Moldova in 2026 from 1.5% to 1.7%, while lowering its forecast for 2027 from 2.3% to 2%
On October 30, the Ministry of Finance will hold preliminary public consultations on updating the National Program for Moldova's Accession to the EU for 2025–2029, as part of Cluster 3, "Competition and Inclusive Growth"
Japan will continue to support Moldova's sustainable economic development
Parliament approved, in its second reading, a package of tax and customs measures for 2027 that addresses income tax, VAT, excise taxes, and the administration of levies. The bill provides for a significant overhaul of tax breaks and rates for businesses and individuals, as well as new rules that are expected to impact budget revenues and the investment climate.
Moldova's Minister of Finance, Victoria Belous, discussed with the IMF Mission the preparation of next year's state budget, wage policy, public expenditure planning, tax policy measures, and public debt management
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