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Moldova
Overview
Last reviewed - 17 January 2024The Republic of Moldova is a small and densely populated landlocked country in Eastern Europe, located between Romania to the west and Ukraine to the north, east, and south, which gained its independence in 1991. Chisinau, the capital of Moldova, is situated in the centre of the country, has a population of around 881,948 people, and represents the cultural, political, and economic hub of the country. The currency of Moldova is the leu (MDL), and the main spoken language is Romanian.
Moldova is a democratic republic, based on the rule of law. Its legal framework is based mainly on statutory law. Under the Constitution, Moldova undertakes to respect the treaties and conventions to which it is party.
As of 27 June 2014, the Republic of Moldova ratified the Association Agreement with the European Union (EU) that fully entered into force as of 1 July 2016. Consequently, Moldova should gradually harmonise local legislation with the provisions of EU law. As of 23 June 2022, Moldova has been granted EU candidate status.
From January to September 2023, the gross domestic product (GDP) of Moldova totalled MDL 214.377 billion, which represents an increase of 0.7 % in real terms compared to the same period of 2022.
Overseen by 25 partners and employing over 970 specialists and support staff, PwC operates in Romania and Moldova. PwC Moldova was established in Moldova in 1996 and currently has 113 local professionals specialised in different areas, of which 10 are tax and legal advisory experts. We have continuously expanded our scope of services and currently offer a full range of professional services to both international and Moldovan enterprises. Our client base includes some of the largest Moldovan and multinational companies in Moldova. Our close interactions with economic and state bodies allow us to keep up with the fast-changing environment in which businesses work in Moldova.
To meet the needs of Moldova's key industries, which include financial services, energy and utilities, industrial products, pharmaceuticals, retail and consumer, technology, information, communications, and entertainment, PwC Moldova has dedicated industry professionals who understand the unique challenges of these industries and work with companies in order to help them to improve their efficiency and effectiveness.
PwC Moldova's tax and legal advisory practice is comprised of international and local tax experts as well as customs, value-added tax (VAT), individual taxation, and human resources specialists. As the country's largest tax consulting department, we are specialised in all areas of tax, including corporate taxation, indirect taxation, and integrated personnel solutions.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
12 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
25th day of the third month following the end of the tax period (e.g. 25 March following the reporting year for companies for which the tax period is the calendar year). |
| CIT final payment due date |
Generally, 25th day of the third month following the end of the tax period (e.g. 25 March following the reporting year for companies for which the tax period is the calendar year). |
| CIT estimated payment due dates |
No later than the 25th day of each three months of the current tax period, amounts equal to 25% of either the total estimated value of the CIT due for the current fiscal period or the total value of the calculated CIT for the previous fiscal period. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
12 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
30 April of the year following the tax year |
| PIT final payment due date |
30 April of the year following the tax year |
| PIT estimated payment due dates |
NA |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
20 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 6* / 12 / 12; Non-resident: 6* / 12 / 12; * 15% on dividends referring to the profit earned incurred during the period 2008 to 2011; No WHT on distribution of dividends to resident legal entities. |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the standard CIT rate. |
| Headline individual capital gains tax rate (%) |
Capital gains are subject to the normal PIT rate (taxable gain basis represent 50% from the capital gain). |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
0.8 |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
Patrimony received by Moldovan citizens by inheritance is not taxable. |
| Headline gift tax rate (%) |
NA (subject to general tax rules) |
Moldova contacts
Moldova contacts
Moldova News
Senior Manager, Tax and Legal Services, PwC Moldova
+373 799 810 10 / +40 722 616 668