Paying Taxes in Moldova

 1. What is the corporate tax in Moldova?

The corporate tax rate in Moldova at present moment is 0%, but it is expected to be changed to a 10-12% in 2012.

2. What is the VAT in Moldova?

The Moldavian standard VAT rate is 20%, with reduced rates for food and other goods or services. For instance, a 6% VAT rate is applied for gas, while bakery, milk or drugs are subject to a VAT rate of 8%.

3. How can I get a VAT refund in Moldova?

The VAT refund procedure in Moldova has been simplified recently. You only have to submit a claim at the State Tax Service every month and you will receive the VAT refund in no more than 45 days. 

4. What is the dividend tax in Moldova?

The dividend tax rate in Moldova is 15%.

5. Are there any incentives for foreign investors in Moldova?

The most powerful and most attractive financial incentive for foreign investors is the 0% corporate tax rate in Moldova. Keeping this tax at a zero level made Moldova a state with potential for investments in the eyes of businessmen. Besides, even if the plan to raise the corporate tax in 2012 will be applied, there are also other incentives for foreign investors, such as full and partial exemption for reinvestment, free economic zones or industrial parks.

6. Why do I need a local accountant for my business in Moldova?

It is advisable to have a local accountant for your business in Moldova, since he or she will be better at cooperating with authorities and dealing with local practices. Besides, nothing compares with the experience of working with the system before and knowing how to be efficient in several situations.