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Category: Banks & Finance
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.
From April 1, 2025, Law No. 34 “On cash payments” will come into force in Moldova. The document significantly restricts the movement of cash in the economy. The law prescribes the rules of its use in economic turnover, sanctions for its non-fulfillment and, in general, orientation towards cashless settlements in economic activity.
inancial literacy plays a key role in enhancing personal and societal well-being. It helps people make informed decisions, avoid debt traps and build long-term financial stability. Moldova, as part of the global community, is actively moving to improve the level of financial literacy among the population, using the best practices of other countries and its own educational initiatives. One prominent example was the National Forum on Financial Education, organized by the National Bank of Moldova with support from USAID.
The deadline for filing income tax returns (form CET 18) for 2024 by individuals not engaged in entrepreneurial activity expires on April 30. The State Tax Service has issued a guideline setting out the procedure and mechanism for calculating income tax for individuals.
When Moldova decided to abolish entrepreneurial patents in trade and some other areas, it was assumed that they would be replaced by the “individual entrepreneur” form of activity. And it has indeed partially replaced them. However, it is not very popular and in demand in Moldova.
The prime rate on the main monetary policy operations remains at 6.5% per annum. The corresponding decision was approved by the Executive Committee of the National Bank on March 20.
The abolition of excise duty and implementation of VAT on car imports may be delayed for another year or more.
For small producers of beer, wine, fermented beverages other than beer and wine, as well as small ethyl alcohol production enterprises, the excise duty rate will decrease from the moment of Moldova’s accession to the EU. The benefit implies almost a double reduction (by 45%) compared to the standard rate that large and medium-sized producers will pay.
According to the Ministry of Finance, the budget deficit jumped again in January 2025. Last year it was reduced, including by cutting expenditures. But in the first months of this year, the revenue and expenditure parts of the budget again went in different directions.
