tax credits

From next year, natural persons – citizens of the Republic of Moldova will be able to deduct expenses for education or improvement of their professional qualifications, Logos Press reports.

In the last two years, new deductions for employers’ expenses have been introduced in Moldova. In addition to food expenses, which were in force before, today they are expenses for sports, recreation and childcare. But the practice shows that not everyone has yet risked to use them because of the complicated control and a large package of documents that employers need to prepare for this purpose.

Employers will be able to deduct the costs of alternative childcare services for children under 3 years old up to LE 2,500 per child,” Logos Press reported.

From this year, individuals have the right to deduct the costs of their children’s education for tax purposes when paying income tax. Both parents can do this, according to Logos Press.