News about State budget and taxes

The authorities are proposing to designate the construction and development of the “Moldova HiTech Park” as a public utility project of national importance. Currently, the site allocated for this project lacks the technical and transportation infrastructure necessary for the operation of a technology park of this scale.

Fines for illegal business activities, violations of accounting rules, and non-compliance with cash register regulations may also increase.

The Ministry of Finance proposes imposing a fine for resubmitting a customs declaration and granting customs officials the authority to conduct searches in cases involving administrative offenses.

The Ministry of Finance intends to streamline the system of tax regimes and revise the rules for independent entrepreneurs working in the retail sector. It plans to maintain a preferential tax regime for them while raising the tax rate to 3%.

A public discussion on the draft budget and tax policy for 2027 will be held this week at various venues. The document has been discussed by the Economic Council under the Prime Minister and is scheduled to be reviewed by the tripartite commission on collective bargaining, comprising the government, employers’ associations, and labor unions.

A group of offenders was operating in Chisinau. They used individuals close to the leadership to evade paying taxes to the state. The scheme was uncovered by the State Tax Service and the Prosecutor’s Office for Combating Organized Crime and Special Cases (PCCOCS).

The State Tax Service is expanding the automatic exchange of financial information with foreign partners. Parliament has ratified amendments that include digital assets, such as cryptocurrencies, in the reporting system and expand the range of data subject to automatic exchange.

Starting in 2027, the Moldovan authorities intend to streamline the system of tax regimes by reducing their number and revising the conditions for their application. The general tax regime, the independent entrepreneurship regime, and preferential regimes for special economic zones and the information technology park will remain in place.

The future of the Chisinau Glass Factory has sparked debate in parliament following the government’s decision to put the state-owned enterprise up for privatization.

Prime Minister Alexandru Munteanu on Tax Policy 2027: We are proposing a reform developed through dialogue that will support economic development, investment, and growth in people’s incomes.

On June 16, 2026, the process of providing financial assistance to farmers in the form of compensation for diesel fuel excise taxes began, in accordance with the provisions of Government Decree No. 212/2026.

Between 2024 and 2027, 1.4 billion lei will be mobilized through the Moldovan Residential Energy Efficiency Fund (FEERM) to improve the energy efficiency of housing.

Capital gains realized on the sale of a primary residence will be exempt from income tax only if the amount does not exceed 1 million lei. If the limit is exceeded, the amount will be subject to income tax at a rate of 15%.

Moldova is expanding its international exchange of financial information. The Committee on Economy, Budget, and Finance will consider amendments to the Multilateral Agreement among Competent Authorities on the Automatic Exchange of Financial Account Information.

The number of businesses in a state of insolvency continues to rise. This has a negative impact on workers’ social rights and the sustainability of the state social insurance budget.

A depressed region has another dangerous characteristic. Over time, it ceases to be merely an economic problem and becomes a model of governance.

The IMF’s forecast for Ukraine’s economic growth this year is only 1.0–1.6%. By contrast, in the April World Economic Outlook (WEO), growth was estimated at 2%, and when the new four-year Extended Fund Facility (EFF) program was approved in late February, the forecast was 1.8–2.5%.

Significant exchange rate fluctuations and increased reliance on short-term borrowing exacerbate fiscal risks, as they require frequent refinancing. The Audit Office conducted an assessment of public debt management, state guarantees, and refinancing in 2025, identifying deviations from the external public debt ceilings and from the target ranges set out in the Medium-Term Debt Management Program.

Effective January 1, 2027, cash gifts in Moldova may be included in the recipient’s gross taxable income. This does not apply to transfers between spouses and first-degree relatives.

The Customs Service (CS) has released its revenue figures for the first five months of 2026. Overall, revenue has increased, although excise taxes on imported cars, gas, and wine have declined slightly compared to last year.