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Category: Banks & Finance
Budget revenues from the Customs Service in the first quarter of this year decreased in real terms due to a serious shortfall in excise duties, – reports Logos Press.
Many citizens put off submitting income tax declarations until the last minute. And although this is not a good practice, money for the budget is important. Therefore, the State Tax Inspectorate traditionally every year establishes a special mode of operation of its offices before the deadline for the submission of declarations by individuals.
As of April 1 of this year, the Law No. 34 “On Cash Settlements” came into force in Moldova, which significantly restricts the movement of cash in the economy. Although this moment was postponed due to insufficient preparation of the parties, it continues to raise questions and doubts even today.
During two months of this year, the total state budget revenues amounted to 10,226.2 million lei. Including taxes and fees – 10,168.6 million lei, revenues from projects financed from external sources – 57.6 million lei.
In January-March 2025, 60.5 million lei was allocated from the government’s intervention fund. The funds were used to manage the energy crisis,” Logos Press reported.
In March 2025, 527 tax controls were carried out by the method of operative inspection. In the course of them violations of legislation were established in 383 cases, – reports Logos Press.
Moldova’s foreign debt increased by $94.5 million and reached $10.2 billion by the end of 2024. Such data on the debt was presented by the National Bank of Moldova in the balance of payments for last year.
The periodicity of issuance of state securities (SS) through the eVMS.md platform will become monthly, starting from April this year – reports Logos Press.
The State Tax Service has initiated a public discussion of amendments to the STS Order No. 427/2018 regarding the establishment of the procedure, structure and deadlines for the submission of information by entities listed in Article 92 and Article 226.11 of the Tax Code – reports Logos Press.
The disposable income of the Moldovan population increased by 7.5% in 2024 compared to 2023 and amounted on average to 5283.8 lei per person per month. At the same time, consumer spending was at an average of 4,407 lei per person per month, up by 3.7% compared to 2023 – Logos Press reported.
Moldova’s current account deficit in 2024 increased by 54%, from $1.9 billion in 2023 to $2.9 billion at the end of last year.
Individuals will only be able to purchase real estate and automobiles from April 1, 2025 after completing a Declaration of Liability.
