News about State budget and taxes

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.

The draft tax policy for 2027 includes changes and additions regarding excise tax policy and a number of new excisable goods.

Domestic producers who continue to export goods to Russia and Belarus need to be helped in finding new sales markets in light of the risks associated with the possible closure of these directions. This was stated by Deputy Prime Minister and Minister of Economic Development and Digitalization Eugen Osmochescu.

The International Monetary Fund has released its April forecast for global inflation in 2026. Venezuela remains the clear leader at the bottom of the rankings, while deflation is expected in Costa Rica. At the same time, the gap between countries is enormous.

The draft bill on tax policy measures for the coming year, proposed by the Ministry of Finance and submitted for public consultation, contains several proposals to raise personal income tax rates.

By 1%, the income tax rate on dividends, interest payments from banks, credit unions, crowdfunding service providers, and issuers of debt obligations and bonds will increase from 6% to 7%.  It will also apply to income earned by individuals from the supply of agricultural products in kind.

In May of this year, the State Tax Service sanctioned 640 individuals engaged in illegal business activities.

Between June 8 and 14, 2026, revenue from the Customs Service to the state budget totaled more than 807.8 million lei, and since the beginning of this year, approximately 18.4 billion lei has been collected, representing 102.8% of the target.

At current prices, it’s impossible for an average family to buy a home with a mortgage. Renting is also out of the question, especially if VAT is included in the rent.

The Center for Strategic Communications and Countering Disinformation identified nearly a thousand pieces of questionable content and submitted them to META and Google for review in just six months. Approximately eight out of ten of these posts were removed.

The government is strengthening the mechanism for selecting and monitoring major projects involving public investment.

Governments around the world are borrowing more money now than they did during the COVID-19 pandemic

The National Road Transport Agency (ANTA), in collaboration with the National Road Administration (AND), has launched an interactive map of public parking lots in the Republic of Moldova. The new digital tool is intended for road transport operators and professional local and foreign drivers.

The State Property Agency has announced the launch of an investment tender for the privatization of the state-owned enterprise “Chisinau Glass Factory” as a single property complex.

Most tax documents have already been digitized, and as of June 11, 2026, the Certificate of Registration as a VAT-Registered Entity will be issued by the tax authority without a stamp.

The government is introducing mandatory financial guarantees for companies posing a high environmental risk. This will allow for the compensation of environmental damage at the expense of businesses, without placing a burden on the national budget.

The government will allocate 10 million lei to implement local development projects under the “Diaspora Acasă Reușește (DAR 1+3)” program in 2026. Funding from the state budget will be provided to 33 initiatives aimed at modernizing infrastructure, improving energy efficiency, and enhancing the quality of life in the country’s communities.