Moldova Tax Changes 2027: Larger Exemption, Higher Tax on Dividends and Gains
The draft 2027 fiscal policy leaves the 12% income tax in place, raises the personal exemption by 35% and makes dividends, capital gains and some small-business regimes more expensive.
Headline change
Personal exemption per year from 1 January 2027 (draft), up from MDL 29,700
Moldova tax parameters: 2026 vs 2027
| Parameter | 2026 | 2027 | Status |
|---|---|---|---|
| Personal exemption, per year | MDL 29,700 | MDL 40,020 | Draft (1st reading) |
| Major exemption (e.g. disability), per year | MDL 34,620 | MDL 40,020; amendment proposes MDL 46,680 | Draft |
| Income tax on salary | 12% | 12% | Current law, no change proposed |
| Income above which the exemption is lost | MDL 360,000 | No change announced | Pending (final text) |
| Employee health insurance (CNAM) | 9% | No change announced | Pending (2027 fund laws) |
| Employer social contribution | 24% | No change announced | Pending (2027 fund laws) |
| Real-sector minimum wage, monthly | MDL 6,300 | MDL 7,600 | Announced (unions–employers agreement) |
| Dividends | 6% | 8% (on 2027 profits) | Draft |
| Capital gains | 12% on half the gain (6% effective) | 12% on the full gain | Draft |
| Peasant households | 7% | 12% | Draft |
| 4% turnover regime: consultancy revenue limit | 60% of revenue | 25% of revenue | Draft |
Health and social contribution rates are set each year in separate fund laws adopted with the budget, usually in November–December.
Take-home pay: 2026 vs 2027 (MDL 15,000 a month)
| Per year | 2026 | 2027 (draft) |
|---|---|---|
| Gross salary | MDL 180,000 | MDL 180,000 |
| Health insurance (CNAM) 9% | −MDL 16,200 | −MDL 16,200 |
| Personal exemption | MDL 29,700 | MDL 40,020 |
| Taxable income | MDL 134,100 | MDL 123,780 |
| Income tax 12% | −MDL 16,092 | −MDL 14,853.60 |
| <strong>Take-home pay</strong> | <strong>MDL 147,708</strong> | <strong>MDL 148,946.40</strong> |
| Per month | MDL 12,309 | MDL 12,412.20 |
Single employee, no children, standard personal exemption, same gross in both years. 2027 uses the draft exemption and assumes CNAM stays at 9%. Gain: MDL 1,238.40 a year (+0.8%).
Employees
A small, flat gain
Anyone who uses the full exemption saves the same MDL 1,238.40 a year, about MDL 103 a month, so the gain matters more on lower salaries. Above MDL 360,000 a year there is no gain, because the exemption is lost under current rules.
Minimum wage: unions (CNSM) and employers (CNPM) agreed on <strong>MDL 7,600</strong> a month for the real sector from 1 January 2027, up 20.6% from MDL 6,300. The national minimum wage still needs a Government decision, usually in November–December.
CNAM 9% (employee) and the 24% employer contribution are confirmed each year in the 2027 health and social insurance fund laws. No change has been announced.
Entrepreneurs and company owners
Draft changes from 1 January 2027
<strong>Dividends:</strong> 8% instead of 6% on profits from fiscal year 2027, so paying yourself through an SRL (limited company) costs more.
<strong>Capital gains:</strong> the 50% reduction goes and the full gain is taxed at 12%, double today's effective 6%. The recipient, not the payer, will calculate the tax.
<strong>Peasant households</strong> (gospodării țărănești): income tax rises from 7% to 12%, the same as individual enterprises.
<strong>4% turnover regime:</strong> lost if business and management consultancy exceeds 25% of revenue (now 60%).
The package does not change the Moldova IT Park regime, but owners taking profit out of IT Park companies as dividends would pay the new 8%.
Before you plan 2027
FAQ
How much less income tax will I pay in Moldova in 2027?
If the draft passes, up to MDL 1,238.40 a year (about MDL 103 a month). On MDL 15,000 a month, annual income tax falls from MDL 16,092 to MDL 14,853.60.
Is the MDL 40,020 exemption already law?
No. The Government approved it on 8 September 2026 and Parliament passed it in first reading on 10 September. The second reading is expected in October–November 2026.
What is the minimum wage in Moldova in 2027?
Unions and employers agreed on MDL 7,600 a month for the real sector from 1 January 2027. The national figure needs a Government decision, usually in November–December.
What changes for dividends in 2027?
Under the draft, dividends paid from 2027 profits are taxed at 8% instead of 6%.
