Moldova Planned Tax Measures for 2020

Moldova's Ministry of Finance has announced planned tax measures for 2020, including measures that were negotiated with the IMF. Main measures include:

• An increase in the taxable base for capital gains to 100% for legal entities and 50% for individuals;
• The elimination of the personal allowance for individuals with annual income exceeding MDL 360,000;
• The cancelation of the reduced 10% VAT rate for the food service industry (hotels, restaurants, cafés), which will be subject to the standard…