Changes in Tax Exemptions for 2025
Personal exemptions and those for dependents will be increased by 10%, up to 29,700 lei, and various types of income will be exempt from taxes, according to the budgetary-fiscal and customs policy for the year 2025, approved today by Parliament in the final reading.
Among the income exempt from taxes are those obtained by individuals when selling a car owned for at least three years, income from interest earned on state securities and bonds issued by local authorities, income from the sale of electricity by individuals who produce renewable energy and are subject to a net metering or billing mechanism. Additionally, payments for study contracts up to the average salary amount and insurance premiums for individuals in case of illness will also be exempt from income taxes.
2025 Budget, Fiscal, and Customs Policy Changes
In 2025, the budget, fiscal, and customs policy includes a provision for deducting expenses incurred by businesses for in-kind gifts, including vouchers given to employees, the total amount of which in relation to an employee does not exceed 10% of the average monthly salary in the economy forecasted and approved by the Government for the year in which they were granted. Additionally, deductions will be made for expenses incurred by the employer for any payments made for the benefit of employees, interns, or students based on the regulations set forth in the Education Code and the Law on dual education.
In 2025, fines for customs declarations or accompanying documents with inaccurate data will be reduced from 40% to 2%, in cases where the goods have undergone full physical inspection and have been cleared by customs. According to the President of the Parliamentary Committee for Economy, Budget, and Customs, this measure is aimed at streamlining the customs process and reducing administrative burdens for businesses.
Financial Measures to Stimulate Individuals and Businesses in Moldova
In 2025, the government of Moldova has implemented new fiscal policies aimed at boosting the economy and supporting both individuals and businesses. These measures are designed to create a more favorable financial environment and encourage growth and development in the country.
One of the key initiatives introduced is a reduction in personal income tax rates, providing individuals with more disposable income to spend and invest. This is expected to stimulate consumer spending and drive economic activity.
Additionally, the government has implemented tax incentives for businesses, including lower corporate tax rates and incentives for investment in key sectors. These measures are intended to attract foreign investment and promote the growth of domestic businesses.
Overall, the financial measures introduced in Moldova in 2025 are aimed at creating a more competitive and attractive business environment, fostering economic growth, and improving the overall standard of living for individuals in the country.