Moldovan Parliament Considering Draft Legislation for Tax Exemption on Reinvested Profit

The Moldovan parliament is reportedly considering draft legislation that provides for the introduction of a tax exemption on reinvested profits (taxable income). The exemption would apply for profits reinvested by legal entities, farming entities, and sole proprietorships, including investments to increase equity or increase tangible, intangible, or financial assets. Where the exemption is claimed and profits are used for any purpose other than reinvestment, a fine equal to 30% of the tax due…