Taxes in Moldova
Both Moldovan citizens and foreigners are taxed on income received from any source in the Republic of Moldova, as well as from non-state sources on their employment activities actually carried out in the Republic of Moldova (except income are explicitly exempt from tax under Moldovan law).
Tax solutions in Moldova
Our tax consultancy solutions provide tax and vat solutions for both residents of Moldova and nonresidents. Our tax solutions in Moldova include, but are not limited to the following:
Tax optimization
Moldova Legal combines strong technical guidance on taxation in its wealth management strategy. We offer a variety of tax services to individuals and businesses that maximizes growth, equity and cash flow while reducing taxes.
Tax consultation
The process of filing a tax return in Moldova can be challenging. Moldavian tax laws change frequently, and many business owners and individuals in Moldova are simply unaware of the myriad rules governing deductions, credits, and reportable income. We provide expert advice to taxpayers and can recommend strategies that reduce liabilities while reducing the possibility of audits that could lead to a conflict with the IRS or a national tax agency.
VAT registration
Individuals and businesses with an annual turnover of at least MDL 1.2 million are required to register for VAT. We work with a wide variety of companies that successfully obtain their VAT number in Moldova.
Bookkeeping
Our accountants will record and keep track of financial transactions of your business and summarize the activity of your business regularly into financial reports. Click the button below to see our solutions regarding accountancy in Moldova.
Applying for tax return
Our team of professionals will assist you in every step in applying for tax return in Moldova. Contact us to request your inquiry.
Register as a taxpayer
Any person responsible for ordinary tax or required to file a tax return must apply to the Commissioner to register as a taxpayer in Moldova. Contact us to request your inquiry.
System of taxes and fees in Moldova
Taxation in Moldova depends on residence status. Moldovan tax residents have to pay Moldovan tax on their income worldwide, while non-Moldovan taxpayers have to pay Moldovan tax on their income. In 2021, the personal income tax rate is 12% (single tax rate). List of different types of taxes and tax rate are listed below.
Corporate income tax
Corporate Income Tax (CIT), also known as corporate tax, is a tax levied on companies incorporated under the laws of Moldova and earning income from the state or through a branch or permanent establishment.
Moldavian corporate income tax rate in is set to 12%.
Personal income tax
Personal income tax in Moldova is collected from individuals and which is imposed on different sources of income like pensions, labor, interest and dividends. Personal income tax rate in Moldova is set to 12%.
Tax for farming enterprises
Tax rate for farming businesses producing crops, livestock products and aquatic organisms through the utilization and management of land, water, labor, capital, and basic raw materials including seed, feed, fertilizer, and fuel is set to as 7%.
Other tax
Tax on income related to supply of horticultural, Phyto technical and zootechnical products or income related to donation by legal entities to individuals who do not perform business activity is set to 6%;
Non-residents for the purposes of Moldovan personal income tax (PIT) are subject to Moldovan tax on income derived from Moldovan sources (such as income from property located in Moldova, remuneration for operating in Moldova, interest and fees received from Moldovan legal entity).
Request bookkeeping solution
Our accounting services in Moldova include both day-to-day accounting services and sophisticated business support services, including appropriate legal, tax planning and other services. Pres the button below to learn more information about our accounting services in Moldova.
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A team of industry-leading tax professionals provides comprehensive outsourcing and technology solutions to the global market. Tax solutions enables investors to scale and streamline tax compliance processes.
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