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Moldova - Other taxes and levies

Moldova - Other taxes and levies

Taxation of international executives.

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Social security tax

Are there social security/social insurance taxes in your country/jurisdiction? If so, what are the rates for employers and employees?
 

The Moldovan legislation on social security is unclear in respect of the salary income received from non-Moldovan employers. As such, we consider that no social security contributions are due for the salary income received from abroad.

For the salary paid directly by a Moldovan employer, social security contributions are due as detailed in the table below.

Type of insurance

Paid by employer

Paid by employee

Total

Social Security1

18%

6%

24%

Health Insurance

4.5%

4.5%

9%

Total

22.5%

10.5%

33%


1 The Social Security systems covers benefits such as pension, unemployment, maternity, disability and sickness indemnities.

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in your country/jurisdiction?
 

Currently there are no gift, or inheritance taxes in Moldova.

A wealth tax is imposed on buildings with more than 120 square meters of usable area and which are worth more than MDL 1.5 million held by individuals. A tax of 0.8 percent from the buildings value is due by 25 December of the current year.

Real estate tax

Are there real estate taxes in your country/jurisdiction?
 

Real estate taxes depend on the location of the property and on the type of property as follows:

  • For immovable property used as housing (includes apartments, houses and related terrains) the taxes are established by local authorities within the range 0.05 - 0.4 percent of the taxable basis;
  • For agricultural terrains with buildings - the taxes are established by local authorities within the range 0.1 - 0.3 percent of the taxable basis
  • For immovable property with other destination the tax is levied in amount of 0.3 percent of the taxable basis.

The taxable basis is represented by the estimated value of the real estate, which is established by the local cadastral offices.

Sales/VAT tax

Are there sales and/or value-added taxes in your country/jurisdiction?
 

The value-added tax is applied at a standard rate of 20 percent. However, the VAT may be assessed at a lower rate of 8 percent, respectively 15% for certain specifically mentioned products, such as panification, certain drugs, meat and sugar beet sugar.

Unemployment tax

Are there unemployment taxes in your country/territory?

No.

Other taxes

Are there additional taxes in your country/jurisdiction that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Local taxes

Local taxes for dog possession, parking place and sanitation may be imposed depending on the residence of the assignee and their personal circumstances.

Provincial Health Premiums

There is no tax imposed as provincial health premium.

Employer Health Tax

There is no employer health tax, other than the mandatory contributions for employees.

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/jurisdiction’s fiscal or banking authorities?
 

Reporting must be made only if income is obtained from the offshore assets.

Disclaimer

All information contained in this publication is summarized by KPMG Moldova SRL, the Moldovan member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on the Moldovan Income Tax Code (Law no. 1163-XIII as of 24.04.1997); Law no. 489 as of 08.07.1999 on social security insurance; Law no. 301 as of 30.11.2018 on health insurance.

Copyright

© 2019 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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