This means that not only income received, but also the increase in the value of assets, including unrealized gains, will be taxable. The innovations will come into force from January 2028, if the law is adopted.
At the discussion stage, the bill was criticized primarily by participants of the crypto market, as digital currencies are subject to sharp price fluctuations. Opponents of the tax innovation insisted: it is possible that the profit on which the tax has already been paid may completely disappear due to the volatility of the market, investing.com writes.
However, the discussion led only to the fact that the Parliament approved an amendment reducing the review period of this taxation system from five to three years. Such a measure is sufficient to ensure prompt amendments if problems arise in the process of using the new system, lawmakers are confident.
Moldova: you can store it, you can’t buy/sell it
As a reminder, all operations with cryptocurrencies are currently prohibited in Moldova, they can only be stored.
However, the profit obtained from their sale, exchange or conversion is subject to taxation at the rate of 6/12% for individuals/legal entities. Tax consultants explain this discrepancy by the fact that they mean possible capital gains, on which this tax should be paid.
The country’s authorities promise to pave the way for full legalization of this market in 2026.
