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Moldova - Overview and introduction

Moldova - Overview and introduction

Taxation of international executives.

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The taxation of individuals in Moldova depends upon their residence status. Moldovan tax residents are liable to Moldovan tax on their worldwide income, whereas non-Moldovan tax residents are liable to Moldovan tax on their Moldovan-source income. This includes income received for services performed on Moldovan territory. For the year 2020, the personal income tax rate is 12 percent (flat tax rate). Married individuals are taxed separately from their spouses (no joint filing applies in Moldova).

The official currency of Moldova is the Moldovan Leu (MDL).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

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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