News about Tax policy

Economic agents from the left bank of the Nistru river were invited to a meeting of the parliamentary commission for economy, budget and finance to discuss tax regulation issues, including the application of VAT, excises in the light of the abolition of tax exemptions.

In the UK, changes to the inheritance tax system are coming into force which could significantly increase the tax burden on beneficiaries of assets.

The amount of money hidden from taxation by the world’s richest people has reached alarming proportions. According to Oxfam International, 0.1% of the world’s wealthiest people keep about $2.84 trillion offshore – more than the combined wealth of the poorest half of humanity (4.1 billion people).

The activities of the Prosecutor’s Office for Combating Organized Crime and Special Cases (PCCOCS) resulted in the seizure of more than LE 550,000,000 worth of money and property in 2025.

The public procurement system has registered notable changes in the dynamics of appeals in the awarding of contracts. The number of appeals decreased, but their total financial importance increased, reaching 8.8 billion lei in 2025 against 6 billion lei a year earlier.

More than 153 thousand people paid the fixed contribution of compulsory health insurance in the first quarter of this year. This is nine thousand more compared to the same period last year. The indicator became the highest as of March 31 in the history of the system.

It will be an independent body that assesses and monitors public finances.

The reduced VAT rate of 8% for medical devices will be canceled from May 1, 2026. The reason is that the application of the preferential tax regime has shown that it does not guarantee a reduction in the final price.

The Republic of Moldova is planning to introduce a carbon tax as part of a new draft law on fees for pollution and use of natural resources.

A zero rate of income tax, a flat rate of payroll tax and a flat basic rate of VAT are key changes that will be part of the draft fiscal policy for 2027.

If the price of fuel at the filling station exceeds the price increase on the world markets, traders will have to pay a solidarity fee. This is how the Ministry of Economics in Latvia plans to regulate the crisis situation in the fuel market.

Officers of the Main Department for Combating Fraud of the State Security Service (SIS) together with the Prosecutor’s Office for Combating Organized Crime and Special Cases (PCCOCS) uncovered a scheme to conceal 6 million lei in payments to the state.

For enterprises in the small and medium-sized enterprises (SIMM) sector, the amount of income that entitles them to choose a preferential tax regime was increased from MDL 1.2 million to MDL 1.7 million. This refers to enterprises paying income tax at the rate of 4% of total income.

Energy Minister Dorin Jungietu, in a video interview with ZDG, called “populism” the opposition’s proposal to lower excise taxes on fuel at a time when oil prices are rising sharply in the world and on gasoline and diesel in Moldova.

Independent entrepreneurs will be assigned a unique fiscal code which will be reflected on cash receipts issued by them. It will be different from the taxpayer’s personal code (IDNP).

The VAT rate applicable to the HoReCa sector during the state of emergency declared by Parliament on Tuesday will not change.

The procedure for the operation of tax checkpoints will be adjusted. The authorities intend to improve the legal framework in this respect, taking into account the proposals of taxpayers.

Companies have received protection from blocking of bank accounts and forced collection of funds in cases when debts are formed due to unfulfilled obligations of state institutions. The corresponding norm is included in the package of legislative amendments finally approved by the Parliament on Thursday, March 26.

UPDATED. The creation of the Convergence Fund was faced with inconsistency of tax systems: on the right bank of the Nistru River there is VAT, while on the left bank there is turnover tax. This complicates the unification of tax rules. But the authorities are ready to work in a “very friendly manner” to gradually implement unified rules and ensure equal conditions for business on both banks of the Nistru River.

Cashier’s checks issued by individuals engaged in independent trade activities will no longer contain an identification number, first name, last name, and address.