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Category: Banks & Finance
The new tax reform promises workers more money in their wallets, but this windfall risks being swallowed up by rising prices for energy, fuel, and essential goods. This is the view expressed by experts from the civic movement “Construim Încredere” (“Building Trust”), led by former MP Olesea Stamate.
Moldova will revise the requirements for business licenses. The ban preventing a single owner from holding two or more licenses for the same type of business at the same location may also be lifted.
An increase in the corporate income tax rate from 12% to 18% could reduce the banking sector’s maximum lending capacity by approximately 2.5 billion lei. However, according to Dorel Noroc, chairman of the Moldovan Banking Association, the volume of lending will not decrease, although banks’ ability to finance the economy will be limited.
Revenue collected from taxes on “vices” could be used to increase teachers’ salaries. According to government estimates, tax measures targeting products associated with harmful habits could generate approximately 1.6 billion lei for the budget.
Rep. Ion Kiku is proposing two alternative options for taxing the banking sector amid the increase in the corporate income tax rate from 12% to 18%.
The National Bank of Moldova (NBM) imposed a fine of 264,292.57 lei on the administrator of an insurance agent after identifying a number of violations of legal requirements governing the conduct of business.
Residents of Moldova will be able to carry out a number of foreign exchange transactions related to capital movements, totaling up to 100,000 euros, without authorization from the National Bank of Moldova (NBM). The current limit is 10,000 euros.
The government will not be able to fulfill its commitment to raise salaries for public sector employees effective September 1 of this year, in accordance with the new Law on Wages in the Public Sector. The reason is a revision of the fiscal and tax policy for 2027.
A fund of funds established to develop Moldova’s capital market has attracted the attention of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). This was announced by Minister of Economic Development and Digitalization Eugeniu Osmochescu during a meeting with representatives of the Moldovan diaspora.
According to data from the National Bank of Moldova, as of July 31, 2026, official reserve assets totaled 5,197.74 million euros, down 18.35 million euros from the end of June (5,216.09 million euros).
Last month, the National Bank of Moldova (NBM) transferred nearly one billion lei to the state budget from its profits for the 2025 fiscal year, following an independent external audit of the institution’s financial statements. This amount represents half of the central bank’s distributable profits. The other half will be used to increase the NBM’s authorized capital.
Finance Minister Victoria Belous provided some details regarding the taxation of individuals in their dealings with legal entities.
Finance Minister Victoria Belous revealed some details of the draft budget and tax policy for 2027 that pertain to businesses.
The increase in the corporate income tax rate for banks from 12% to 18% does not pose a major risk to the economy, especially since the tax is scheduled to be in effect for one year. This view was expressed by the President of the Republic of Moldova, Maia Sandu.
Russians sharply increased the amount of cash in circulation in July. According to the Bank of Russia, the figure rose by ₽643.4 billion (approximately €7.2 billion), which is nearly one and a half times the increase seen in June. Since the beginning of the year, the amount of cash has increased by ₽2.1 trillion (about €23.5 billion).
Our approach is not to raise taxes, but to shift the tax burden in the right direction: lower taxes on labor, and higher taxes on vices and excess profits.
The government has revised the most controversial proposal in the previous draft budget and tax policy for 2027—the plan to raise the VAT rate to 20 percent. VAT rates will be differentiated.
One of the key priorities of the Republic of Moldova’s new tax policy for 2027, presented by Prime Minister Vasile Tofan on August 6, will be a review of the approach to personal income taxation. The reform focuses primarily on creating conditions for the growth of disposable income for citizens who receive official wages and participate in the formal economy. This principle is reflected in the very title of the draft: “Labor. Investment. Justice.”
During a press conference today, Moldovan Prime Minister Vasile Tofan confirmed that the new fiscal and tax policy framework includes an increase in the income tax rate for banks from the base rate of 12% to 18%.
The personal tax deduction will be increased by approximately 35%—from the current 29,700 lei to 40,000 lei per year. Prime Minister Vasile Tofan made this announcement during the presentation of the tax policy draft titled “Labor. Investment. Justice.”
