Important tax legislation amendments

Important tax legislation amendments

  • 28.12.2020

On 22 December 2020 Law No. 224 (the “Law 224”) for the modification of some legislation was published in the Official Journal of Moldova.

Consequently, in order to support the entrepreneurial activity and reduce the negative economic effects of the COVID-19 pandemic, the following provisions have been approved:

Expenses related to testing employees for SARS-CoV-2, incurred by the employers have been allowed for deduction for corporate income tax purposes, in force starting from 1 January 2020.

Payments made by the employer related to testing employees for SARS-CoV-2 represent:

-Non-taxable income for personal income tax purposes, in force starting from 1 January 2020.

-Non-taxable with health insurance contributions, in force starting from 1 January 2020.

-Non-taxable with social security contributions, in force starting from 22 December 2020.

Please access the attached PDF in ENG/RO for more detailed information.

KPMG Moldova
KPMG Moldova

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG operates in more than 155 countries and has over 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. In Romania, KPMG was founded in 1994 and now operates from six offices, in Bucharest, Timisoara, Cluj Napoca, Iasi, Constanta and in Chisinau (the Republic of Moldova) since 1997. The practice has more than 800 staff, including 18 Partners, both Romanian and expatriates from the Canada, France, Israel, Sweden etc.

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