News about Tax policy

Representatives of Moldovan companies claim a number of systemic problems that affect their activities and limit the development of production, including tax burden, staff shortages and bureaucratic barriers. In particular, they advocate for the elimination of import taxes on raw materials used for local production.

Finance ministers of five EU countries – Germany, Italy, Spain, Portugal and Austria – called for the introduction of a tax on excess profits of energy companies amid a sharp rise in fuel prices due to the war in Iran. This is reported by Reuters with reference to their letter to the European Commissioner for Climate Vopka Hukstra.

The Ministry of Finance’s budget forecasts will be compared with the estimates of the European Commission (EC). The authorities will have to justify serious discrepancies.

Starting and running a medium-sized business in the EU can be costly for employers. At the same time, the gap between the top and bottom of the union’s labor cost rankings is clear.

At an extraordinary meeting on Friday, the Romanian government approved a draft emergency decree aimed at reducing the excise tax on diesel fuel by 30 bani (about 1 Moldovan leu), which will directly reduce the price at gas stations.

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).