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The idea behind the creation of the fund is to “reduce the economic and social gaps between the Transnistrian region and the rest of Moldova”. Its resources, which will be accumulated through the collection of VAT and excise taxes, will be used by the Cabinet of Ministers for the development of infrastructure, as well as programs to support entrepreneurship and citizens in the Transnistrian region.
By August 1, 2026, the government should determine the procedure for the formation, management and use of the Convergence Fund. Its amount will be approved by the annual law on the state budget.
The explanations to the law emphasize that the changes concerning the abolition of tax exemptions “will ensure a uniform tax and customs regime throughout the country”.
The first tax exemptions will be canceled already this year. They will not affect social necessities, but alcohol. In addition, from January 1, 2027, the VAT exemption for the supply of electricity to enterprises not connected to the budgetary system of the country, as well as for the import and supply of gas carried out by Moldova-Gaz SA to Tiraspoltransgaz Ltd. will be canceled.
Tiraspol calls the measures taken “double taxation, which will lead to the shutdown of enterprises and to a humanitarian catastrophe”.
On the eve of the adoption of the law, Transnistria called on the Moldovan parliament to facilitate the resumption of dialog, emphasizing that “long-term and mutually beneficial ties can be built only through joint work and pragmatic approaches.
And on May 7, they raised the issue of the fate of funds paid by Transnistrian enterprises in the form of customs duties introduced by Moldova from January 1, 2024. The amount of funds currently amounted to $ 28.1 million.
