Opinion on the 2022 Fiscal and Customs Policy
Automatically translated summary. The full text is available in Romanian.
On 11 November 2021, Moldova's Ministry of Finance launched public consultation on a draft law setting out the fiscal and customs policy proposals for 2022. The Independent Think Tank “Expert-Grup” responded with general and specific comments, highlighting both the positive and the problematic aspects of the proposed policy.
Expert-Grup describes the draft as conservative and cautious. It welcomes the absence of a higher tax burden beyond previously planned excise increases, the doubling of the personal exemption for dependants from MDL 4,500 to MDL 9,000, the abolition of the mobile telephony “luxury tax”, and the full allocation of road-use tax revenue to first-level local authorities.
Among the problems, it flags a consultation period of only four working days instead of the required 15, weak evidence and the missing 2022-2024 Medium-Term Budget Framework. It also criticises the tax regime for municipal bonds and for state securities held by individuals (12% tax), and the VAT gap between agricultural producers (8%) and processors (20%), recommending a uniform 12%. Finally, it notes that the promised 0% tax on reinvested profit for firms with fewer than 10 employees is absent.
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