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Moldova will introduce a zero tax rate on reinvested SME profits for 3 years.

Moldova will introduce a zero tax rate on reinvested SME profits for 3 years.

According to the draft of tax and customs policy for 2023, which was approved by the government, micro, small and medium-sized enterprises will be able to enjoy the right for tax vacations in 2023-2025 - receive an exemption from business income tax on the condition that it is reinvested until the distribution of profits related to the payment of dividends. This measure will not apply to residents of BMS, Giurgiulesti Port, Marculesti Airport, SMEs that operate in the financial and insurance sectors. The budgetary impact of the proposed measure is estimated at 1.2 billion lei. In case of dividend distribution, the income tax payable will be determined by proportionally applying the amount of income tax calculated for the tax period from the taxable income attributable to the relevant tax period. // 08.12.2022 - InfoMarket

News on the subject

The government approved the draft tax and customs policy for 2023.
The government approved the draft tax and customs policy for 2023.
Revenues of the national public budget of Moldova in January-November 2022 amounted to 81 billion 023.1 million lei, which is by 13.1 billion lei (19.2%) more than in the same period of 2021.
Revenues of the national public budget of Moldova in January-November 2022 amounted to 81 billion 023.1 million lei, which is by 13.1 billion lei (19.2%) more than in the same period of 2021.
The Government of Moldova will increase the revenue part of the state budget for 2022 by 1.35 billion lei (+2.3%), reduce expenditures by 1.3 billion (-1.7%), and reduce the state budget deficit by 2.65 billion lei (-15.4%) - to 14.6 billion lei.
The Government of Moldova will increase the revenue part of the state budget for 2022 by 1.35 billion lei (+2.3%), reduce expenditures by 1.3 billion (-1.7%), and reduce the state budget deficit by 2.65 billion lei (-15.4%) - to 14.6 billion lei.
Moldova will introduce a mechanism for charging a fee for the use of roads by vehicles temporarily registered for evidence.
Moldova will introduce a mechanism for charging a fee for the use of roads by vehicles temporarily registered for evidence.
The revenues of the national public budget of Moldova in January-October 2022 amounted to 73 billion 147.9 million lei, which is 18.7% (11.5 billion) more than in the same period in 2021.
The revenues of the national public budget of Moldova in January-October 2022 amounted to 73 billion 147.9 million lei, which is 18.7% (11.5 billion) more than in the same period in 2021.
Moldovan Banks Association (ABM) asks to exclude from the draft tax policy the increase from 3% to 12% of the tax rate, which is levied on individuals’ deposits.
Moldovan Banks Association (ABM) asks to exclude from the draft tax policy the increase from 3% to 12% of the tax rate, which is levied on individuals’ deposits.