PwC Moldova: Tax and Legal on Approval of amendments to tax and customs legislation

PwC Moldova: Tax and Legal on Approval of amendments to tax and customs legislation

  • 30.04.2015

Tax Code

Income tax

A personal income tax rate of 18% applies as of 1 May 2015 to taxable income exceeding 29,640 MDL (compared to the threshold of MDL 27,852 in 2014). Compensation for dismissal is 1 no longer treated as nontaxable income. 

Deductions 

The following expenses are allowed for deduction:
* Expenses related to calculation of depreciation of fixed assets received free of charge and put into usage in the tax periods previous to 2014; 
* Expenses incurred by employers related to employee optional contributions of health insurance – 50% of the amount of compulsory Erratum: The phrasing “1 January 2015“ is replaced with “1 May 2015”. health insurance contribution calculated as a fixed amount and approved annually.

Click here to read the complete alert in English or Romanian

PricewaterhouseCoopers (PwC) Moldova
PricewaterhouseCoopers (PwC) Moldova

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. This network structure provides PwC member firms with the flexibility to operate simultaneously as local businesses, but also on a global scale, creating a platform through which member firms share knowledge, skills and resources and delivery services of consistently high quality to international and local clients. PwC started operations in Moldova in 1996. It has continuously expanded the scope of its services and currently offers a full range of professional services to both international and Moldovan enterprises. Overseen by 16 partners and employing over 600 specialists and support staff, PwC operates in Romania and Moldova from a network of four offices in Bucharest, Timisoara, Cluj-Napoca, Constanta and Chisinau.

Latest Members & Partners News
Sun Mon Tue Wed Thu Fri Sat
Members Spotlight

Current number of members 180