Law No. 214 (published on August 12, 2024) introduced amendments to certain provisions of the Moldovan Fiscal Code with effect from January 1, 2025, including:
- The list of income sources exempt from corporate income tax was extended to include:
- Income earned by resident individuals in the form of capital gains or interest income from state securities and/or from bonds issued by local public administration authorities
- Income earned from the sale of electricity by residents who produce renewable energy
- Income obtained by operators of thermal energy systems and/or units following the free receipt of lines and electrical stations, natural gas installations, and thermal networks and/or thermal energy installations
- Rights granted by stock option plans
- Changes were made to the requirements related to the issuance of electronic invoices (e-invoices) for value added tax (VAT) purposes and to excise duties on tobacco products.
- The transfer pricing rules were amended to exclude advances, licenses, and contributions from the definition of a “transaction,” and to introduce provisions relating to advance pricing agreements (APAs).
Read an August 2024 report prepared by the KPMG member firm in Moldova