Offshore Moldova

General information Tax data

International Sanctions

Country/organisation which imposed sanctions	Start date	Date of expiration
Canada Asset freeze and prohibition to make funds available Financial measures	30.05.2023	Until revision
Council of the EU Restrictions on admission Asset freeze and prohibition to make funds available	27.02.2003	29.04.2025
Switzerland Asset freeze and prohibition to make funds available Restrictions on admission	28.06.2023	Until revision

What are international sanctions?

International sanctions are imposed by international organisations or individual states: comprehensive sanctions completely block any types of trade and financial transactions with entire countries, sectoral sanctions apply to certain sectors of the economy and groups of persons, while targeted sanctions restrict such transactions with individuals and/or businesses. Sanctions take various forms: financial and trade restrictions, asset freezes, travel bans on individuals, etc. Occasionally, sanctions imposed on individuals may extend to their counterparties too.

Existence and degree of cooperation risks depend on the type and nature of the sanctions bearing on the countries involved in relevant transactions. For example, supply of foodstuffs at the time of an arms embargo may bear no signs of risk. Meanwhile, dealing in optical devices amid a prohibition of transactions in dual-use goods can be high-risk.

Suspicions that a transaction or its participants, their activities or sources of their assets are involved in commission of actions, punishable by international sanctions, may result in suspension of/withdrawal from financial transactions, investigations lodged by law enforcement agencies, etc. This can lead to financial losses, business destabilisation, negative legal implications and reputational risks.
In each case, assumption (suspicion) of possible risks should be based on results of a thorough analysis of all available information.

Disclaimer

Information in the International Sanctions section of the YOUCONTROL System (including other related data in the YOUCONTROL System) is for reference only. This information contains general description of international sanctions, does not replace any of the existing official data, does not establish any facts or circumstances of legal significance and shall not be used as audit, legal or other expert opinions.

Where this information is used by anyone for the purpose of making managerial, legal, financial, organisational or any other decisions or action (or inaction) at their own discretion, holders of ownership rights for the YOUCONTROL System, website https://youcontrol.com.ua, shall not be liable for the consequences.

Загальна інформація

The Republic of Moldova is a small and densely populated landlocked country in Eastern Europe, located between Romania to the west and Ukraine to the north, east, and south, which gained its independence in 1991. Chisinau, the capital of Moldova, is situated in the centre of the country, has a population of around 820,400 people, and represents the cultural, political, and economic hub of the country. The currency of Moldova is the leu (MDL), and the main spoken language is Romanian.

Moldova is a democratic republic, based on the rule of law. Its legal framework is based mainly on statutory law. Under the Constitution, Moldova undertakes to respect the treaties and conventions to which it is party.

As of 27 June 2014, the Republic of Moldova ratified the Association Agreement with the European Union (EU). Consequently, legislative changes have started to enter into force in a gradual way in order to harmonise local legislation with EU legislation.

For 2017, the gross domestic product (GDP) of Moldova totalled MDL 150.36 billion, which represents an increase of 11.06% in current prices compared to 2016.

Податкова інформація

Corporate income tax rate (%)	12
Corporate income tax due dates
CIT return due date	25 March following the reporting year.
CIT final payment due date	25 March following the reporting year.
CIT estimated payment due dates	No later than 25 March, 25 June, 25 September, and 25 December, amounts equal to 25% of either the total estimated value of the CIT due for the current fiscal period or the total value of the calculated CIT for the previous fiscal period.
Standard VAT rate (%)	20
Withholding tax rates (%)	(Dividends / Interest / Royalties); *15% on dividends referring to the profit earned incurred during the period 2008 to 2011; No WHT on distribution of dividends to resident legal entities.
Resident:	6* / 15 / 12
Non-resident:	6* / 12 / 12