The regime of taxation of interests obtained by non-residents on the territory of the Republic of Moldova

Dear customer,

We announce that following the provisions of art. 71 paragraph (1) letter f) from the Fiscal Code, interest paid by a resident of the Republic of Moldova to a non-resident person is considered income of non-residents obtained in the Republic of Moldova.

At the same time, according to the provisions of art. 91 paragraph (1) of the Fiscal Code, the bank will withhold and pay a tax of 12% from the payments directed  to the non-resident in the form of interest. Subsequently, annually, the bank must declare the name of the beneficiary, the amount of income and the tax withheld from it.

Also , according to the provisions of art. 4 paragraph (1) of the Fiscal Code, if an international treaty that regulates taxation or includes norms that regulate taxation, to which the Republic of Moldova is a party, stipulates other rules and provisions than those provided by the tax legislation, the rules and provisions of the international treaty shall apply. If there are different tax rates in international treaties and the fiscal legislation of the Republic of Moldova, more favourable tax rates are applied.

To benefit from the provisions of international treaties, the non-resident must present to the income payer, until the date of payment of the income, a residence certificate issued by the competent authority in his state of residence following art. 79 of the Fiscal Code, accepted with the Romanian translation, except for the one issued in English or Russian.

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