Moldova proposes 2027 fiscal reforms including higher bank and VAT taxes

tax reform Moldova banking tax VAT increase excise duties

The Moldovan government has introduced a new fiscal policy proposal for 2027 aimed at balancing economic stimulation with budget consolidation. Key measures include increasing the profit tax on banks from 12% to 18%, a move estimated to raise approximately 600 million lei for the state budget. The Association of Banks has cautioned that this could reduce lending capacity by up to 3 billion lei.

Regarding consumption taxes, the reform proposes raising the VAT rate for the HoReCa sector, agriculture, and other food items from 8% to 12%. However, a reduced 8% VAT rate will be maintained for essential goods, including milk, bread, fruits, vegetables, and medicines.

Additionally, the proposal includes several new excise duties: a 20% increase on tobacco products, a 50% increase on vaping products, and new taxes on sugary drinks, energy drinks, and pyrotechnics. On the individual level, the personal income tax exemption is set to rise from 29,700 lei to 40,000 lei per year, while the dividend tax is expected to increase from 6% to 8%.

Entities

Association of Banks of Moldova · Banking sector in Moldova · Civil movement “Construim Încredere” · Construction of the Vertical Gas Corridor · Construim Încredere · Dorel Noroc · Government of Moldova · Government of the Republic of Moldova · Ministry of Finance of Moldova · Mișcarea Civică „Construim Încredere” · Moldovan Government · Moldovan Parliament

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] The reform keeps reduced VAT rates for medicines and basic food items.
[● 3 SOURCES] The profit tax on banks will increase from 12 % to 18 % in 2027, raising about 600 million lei for the state budget. radiomoldova.md · moldova1.md
[○ 1 SOURCE] OTP Bank Moldova reported a net profit of 220.8 million MDL in the first half of 2026.
[● 3 SOURCES] The profit tax on banks in Moldova will increase from 12% to 18% in 2027. tvrmoldova.md
[○ 1 SOURCE] The reform maintains a 0% VAT rate on the first 100 kWh of electricity consumption per month.
[○ 1 SOURCE] OTP Bank’s net interest income rose 20.8% compared with the same period in the previous year.
[○ 1 SOURCE] The civil movement “Construim Încredere” proposes a progressive personal‑income tax and an 11% VAT on the entire agro‑food chain. bani.md
[○ 1 SOURCE] The reform maintains an 8% VAT rate on the first 150 m³ of gas consumption per month.
[● 6 SOURCES] The dividend tax will be increased from 6% to 8%. agrobiznes.md · moldova1.md · radiomoldova.md · bani.md
[● 6 SOURCES] A reduced VAT rate of 8% will be kept for essential foods, milk, bread, fruits, vegetables and medicines. agrobiznes.md · moldova1.md · radiomoldova.md · democracy.md
[DISPUTED] The personal income-tax exemption will be increased from 29,700 lei to 40,000 lei per year. agrobiznes.md · moldova1.md · radiomoldova.md · bani.md
[● 5 SOURCES] Excise duties will rise by 20% on tobacco products and by 50% on vaping products. agrobiznes.md · democracy.md · moldova1.md · telegraph.md · news.yam.md