The taxpayers who do not perform entrepreneurial activities and have an annual income higher than 360,000 lei from taxable sources will no longer be entitled to the personal exemption set annually. This is provided in a draft decision that was approved by the Government on January 3, IPN reports.

Minister of Finance Sergey Pușcuța, Deputy Prime Minister, said the draft decision also stipulates changes to the Tax Code, concerning the application of the general tax regime to capital growth in the case of business entities and the taxing of 50% of the capital growth in the case of private individuals.

“In connection with the launch of new foreign assistance projects in Moldova, it was proposed updating the list of projects eligible for the tax and customs concessions stipulated in Government decision No.246 of 2010,” stated the minister.