Vacation vouchers will be provided to employees on the basis of an order issued by the head of the company and signed in accordance with internal procedures. The employer will be obliged to conclude a contract for the issuance of vacation vouchers with an authorized operator. These and other norms are set out in the draft Regulations on the Procedure for Handling Vacation Vouchers, which the government intends to approve in the near future.
Holiday vouchers (vouchers) are a new fiscal instrument introduced by Law No. 187 of July 10, 2025. According to the idea of the authors of the innovation, it is intended to support the local economy through the development of rural tourism. The measure will come into force in 2026, when the entire regulatory framework, of which this regulation is a part, will be formalized.
According to the new law, employers will be able to offer employees vouchers for accommodation in tourist facilities in rural Moldova. Their cost will be deductible for tax purposes up to 50% of the average monthly salary of the economy. For employees, these amounts will not be subject to income tax, as well as social and health insurance contributions. The coupons can be issued by operators electronically or on paper in the form of a ticket or a card with a nominal value.
The regulation prescribes that an employer may provide the same employee with several vacation vouchers (of different nominal value) during one fiscal year, and their deduction for tax purposes will be assessed in accordance with the limit set forth in Article 24 paragraph (193) of the Tax Code (in the annual amount of up to 50% of the average monthly wage in the economy).
The employer will also be able to order coupons for its employees with a value exceeding the said limit. In this case, the difference between the nominal value and the relevant threshold will not be tax deductible. In addition, employers cannot reduce employees wages when providing vacation vouchers.
Vacation vouchers can be provided to employees at either their main place of work or at their place of part-time employment. The employee will be required to use at least two types of travel services, of which accommodation is compulsory. At the same time, they can only be used by the employee upon presentation of identification and have a validity period of one year from the date of issue.
The regulation stipulates that the vouchers can be used by employees only in tourist facilities entered by the Ministry of Culture in the relevant Register. Also, that operators will be obliged to submit an annual report to the State Tax Service on the management of vacation vouchers provided to employers.
The granting of this benefit is optional and is at the discretion of the head of the organization, depending on the available financial resources.
