Moldova Investment Income Guide 2026

Overview — Investment Income Taxation

Moldova taxes investment income through withholding taxes at source for dividends, and through inclusion in ordinary income for most other categories. The 6% dividend WHT is one of the lowest in the region. Interest income from bank deposits, bonds, and other debt instruments is included in taxable income and taxed at the individual's 12% IIT rate. The State Tax Service administers all investment income taxation. Moldova's network of over 50 double tax treaties can further reduce withholding tax rates for non-resident investors.

Dividends — 6% WHT (Final for Individuals)

Dividends paid by Moldovan-resident companies are subject to withholding tax at 6% for resident individuals. This is a final tax, meaning no further reporting is required. For corporate shareholders, dividends received from Moldovan subsidiaries are generally exempt from CIT under the participation exemption (≥10% shareholding held for at least 12 months). For non-residents, the dividend WHT rate is 6% under domestic law, and may be further reduced under applicable double tax treaties.

Interest Income — Taxed at 12%

Interest income from bank deposits, corporate bonds, government securities, and other debt instruments is included in the taxpayer's ordinary income and taxed at 12%. For individuals, the MDL 24,000 personal allowance applies to total income including interest. Interest on Moldovan government bonds may be exempt from IIT under certain conditions. For non-residents, interest sourced in Moldova is subject to 12% WHT, which may be reduced under a double tax treaty.

Capital Gains on Securities

Gains from the disposal of securities are included in ordinary income and taxed at 12%. However, gains from shares held for more than 3 years may be exempt from tax. Transactions on the Moldova Stock Exchange are subject to a 0.1% trading levy. Losses on securities may be offset against gains in the same year and carried forward for up to 5 years.

FAQs

Do I need to report dividend income on my tax return?

If you are a resident individual, the 6% WHT on dividends is final, so no further reporting is needed. Non-residents and corporate shareholders should report and claim treaty relief where applicable.

Are foreign investment income and capital gains taxable in Moldova?

Yes, tax residents are taxed on worldwide investment income. Foreign dividends, interest, and capital gains should be declared in the annual tax return. Foreign tax credits may be available.

Can I claim a refund if WHT exceeds my tax liability?

Yes, if the total WHT deducted exceeds the final tax liability, you can claim a refund from STS by filing an annual return.

Disclaimer

This guide provides general information about Moldovan investment income taxation for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Moldovan tax advisor or the State Tax Service for advice specific to your situation. InvestmentKit does not provide tax advice.