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Category: Banks & Finance
Chisinau hosted Taxcon’25 – the largest conference on taxation, where regulators, business and international experts assessed the country’s fiscal course. This year, the main topics were the harmonization of taxes and excise duties with EU legislation, digitalization of tax administration, and the impact of artificial intelligence on the automation of fiscal systems. For Moldova, which is on its way to the EU, these issues are of key importance: not only the fulfillment of European requirements, but also the ability to support economic growth depends on how the country adjusts its tax levers.
Revenue from fines and penalties increased 49.1 percent in the first half of 2025 compared to the same period in 2024, Logos Press reported.
According to the State Tax Service, income tax revenues from individuals renting out real estate property increased by 26.8% in January-August against last year and amounted to 60 million lei, Logos Press reported.
In January-June 2025, the revenues of the national public budget increased by 16% compared to the first half of last year and exceeded 60.5 billion lei, Logos Press reported.
The execution of the state social insurance budget for the first 8 months of 2025 ended with an excess of revenues over expenditures of over 1.3 billion lei, thanks to transfers to cover the deficit of own revenues, Logos Press reported.
The European Bank for Reconstruction and Development (EBRD) has appointed Giuseppe Grimaldi to head its operations in Moldova from October 1, 2025, – reports Logos Press.
The next issue of state securities with reduced yield has been admitted to the primary market starting from September 16, 2025 through the announcement of trades by the Stock Exchange of Moldova, – reports Logos Press.
According to the vision of the Ministry of Finance, the country should increase tax revenues by 10% annually over the next three years. The share of taxes in GDP will grow from 32.2% in 2025 to 33.6% in 2028. At the same time, the grant component in budget revenues will gradually decrease. This trend can already be traced in the current year’s budget execution and will intensify in the following years.
Moldova spent $365.3 million (equivalent to 6 billion 443.8 million lei) to service its external public debt in the first half of 2025, which is $173 million (1.9 times) more than in the same period of 2024.
The State Tax Service has set up a separate unit to implement a transfer pricing system, Logos Press reports.
Fighting the shadow economy and reducing the VAT gap is a key goal for Moldova. This was stated at the TAXCON-2025 conference in Chisinau by Alin Marius Andrieş, professor at the Alexandru Ioan Cuza University from Iasi and former Secretary of the Romanian Ministry of Finance.
The development and promotion of payment infrastructure in Moldova will now officially depend on the global payment technology company Mastercard, which will promote digital payments MPay and EVO, financial education and implementation of modern data management technologies in the payment infrastructure, – reports Logos Press.
