Recent legislative changes aim to support individual investors while stimulating the economy and promoting local investments.
On August 15, 2024, the Official Gazette of the Republic of Moldova published Law No. 214 of July 31, 2024, which amends several normative acts concerning budgetary and fiscal policy.This law modified the tax regime for income derived by individuals from State Securities (SS).
Article 20 of the Fiscal Code (non-taxable income sources) has been updatedwith the new provision under letter z20:
- z20) income of resident individuals from capital gains or interest related to State Securities and/or bonds issued by local public authorities.
Starting from August 15, 2024, resident individuals' income from capital gains or interest related to State Securities and/or bonds issued by local public authorities will be considered non-taxable income sources. Thus, they will no longer be subject to final income tax withheld by the Ministry of Finance or primary dealers.
The amendments introduced by Law No. 214 of July 31, 2024, mark a significant step towards encouraging investment in State Securities. These measures provide a substantial advantage for resident individuals, who will benefit from non-taxable income from these sources, thereby increasing the attractiveness of such investments and contributing to the development of the financial market in the Republic of Moldova.
Invest smartly and enjoy tax-free benefits!
