Individuals with incomes up to 720 thousand lei will be able to enjoy a personal exemption starting 2024, while the amount of exemptions will remain at the current level.
This is provided for in the draft fiscal policy for 2024, developed by the Ministry of Finance. In particular, it is proposed to increase from 360 to 720 thousand lei the limits of annual taxable income of individuals, which allows exercising the right of personal exemption. This will increase the number of potential beneficiaries of personal exemption. Currently, individuals are entitled to personal exemption (27 thousand lei) in case of taxable income up to 360 thousand lei. At the same time, for the second year in a row, the draft tax policy does not provide the traditional annual increase in the amount of exemptions for taxpayers-individuals. Thus, the amount of personal exemption in 2024 will remain at the level of 27 thousand lei, the amount of additional exemption and exemption for a dependent with disabilities will be 19.8 thousand lei, and the amount of exemption for children - 9 thousand lei per year for each dependent. The amount of personal enhanced exemption provided to disabled persons after Chernobyl accident or as a result of war, or due to congenital disease or disease from childhood, persons with severe and expressed disability; parents or spouse of deceased or missing participant in military actions to defend territorial integrity and independence of Moldova, as well as combat operations in Afghanistan, will remain at 31.5 thousand lei. //23.05.2023 - InfoMarket.
