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Trade and finance is the most profitable business

The cumulative tax on income declared by legal entities for 2024 amounted to 7.5 billion lei," Logos Press reported.
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Trade and finance is the most profitable business

According to the report of the State Tax Service, economic agents registered revenues of 687.2 billion lei and expenses of 625.7 billion lei for 2024. Compared to 2023, the revenues of Moldovan enterprises increased by 15.2 billion lei, while the expenses increased by 10.4 billion lei. The tax on income declared by economic agents for the 2024 tax period amounted to 7.5 billion lei, increasing by 0.2 billion lei compared to the 2023 tax period.

The results of the campaign showed that last year the growth of companies’ revenues was higher than the growth of expenses. According to the data reflected in income tax declarations, the growth of incomes in 2024 was recorded at 2.2% compared to the data for the tax period of 2023. Accordingly, the growth of expenses was recorded at 1.7%. This indicates more efficient management and spending, the authors of the report emphasize.

At the same time, there continues to be a certain disproportion in the shares of collected income tax by sector. The data show that the largest amounts of corporate income tax were registered in such industries as trade, financial activities and insurance. Trade showed the most serious revenues, the share of which amounted to one third of the total amount of tax collected. And together with financial activities and insurance, its contribution exceeded half of the amount.

Persons engaged in entrepreneurial activities filed 98,588 income tax returns for 2024.


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