Moldova

Overview

Last reviewed - 16 June 2021

The 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 832,900 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.

For 2020, the gross domestic product (GDP) of Moldova totalled MDL 206.378 billion, which represents an decrease of 7.0% in current prices compared to 2019.

Overseen by 20 partners and employing over 800 specialists and support staff, PwC operates in Romania and Moldova. PwC Moldova was established in Moldova in 1996 and currently has 47 local professionals specialised in different areas, of which 7 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, utilities and mining, 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 (%) (Div/Int/Roy)

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

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.