The important tax amendments that took effect on January 1 bring direct benefits to the citizens through exemptions and additional benefits. These measures aim at both the adjustment of non-taxable income and the extension of the categories of deductible expenses. The purpose of these changes is to support families and taxpayers in the context of rising prices and to help adjust to new economic conditions.
IPN informs that among the main novelties is the increase in exemptions for individuals. The personal exemption was raised from 27,000 to 29,700 lei per year, and for those who support children, the amount deducted was increased from 9,000 to 9,900 lei for each child. Also, people who support children with disabilities now benefit from an annual exemption of 21,780 lei.
These adjustments are meant to reduce the tax burden for Moldovan families and financially support people in vulnerable situations.
In addition, new tax deductions were introduced, allowing taxpayers to reduce their income taxes. These include the deduction of expenses for children's education, health or life insurance, as well as interest on loans for the purchase of a first home. These deductions are calculated within the limit of an average monthly salary for each category. In the case of dwellings purchased in co-ownership, the right to deduct is granted to each co-owner in proportion to his or her share.
The amendments also bring clarifications regarding non-taxable income. For example, people who sell a car owned for at least three years will no longer pay tax on the income obtained from this transaction. At the same time, interest on state securities and bonds issued by local authorities was included in the list of tax-exempt income.
Another novelty is the fiscal treatment of long-term incentive programs, known as "stock-option plans". They allow employees to purchase shares at preferential prices or to receive them free of charge, under special conditions. The income obtained in this context is considered non-taxable if it complies with the requirements set by the Government.
For legal entities, the amendments include the extension of the right to apply the accelerated depreciation method. This allows them to fiscally deduct up to 50% of the value of fixed assets in the first year of use, thus reducing operating costs and stimulating investments in infrastructure and modern technologies.
These changes come to support taxpayers, both individuals and legal entities, by providing them with more tools for the efficient management of tax obligations. At the same time, they reflect an effort by the authorities to create a predictable fiscal environment adapted to the needs of the population.
Taxpayers are encouraged to consult the provisions in detail in order to fully benefit from the new advantages.
