The policy document supporting efforts to develop the information technology industry sector in Moldova is Strategy for the development of the information technology industry and ecosystem for digital innovation for 2018-2023 approved by Government Decision No 904 of 24.09.2018. The aim of the Strategy is to build a regionally and internationally competitive IT industry, based on knowledge and innovation, in which companies create added value and offer complex products and services, integrating research and development results.
A major initiative emerging from this strategic approach is the business-friendly environment for IT business. Here our proposed intervention is the Law on Information Technology Parks (No. 77 of 21.04.2016). The key element of the Law is the implementation of the innovative taxation model by applying a single tax of 7% for residents of IT parks, with simple and clear administration mechanisms. The parks will offer a „virtual operating regime” and residents will be able to carry out its types of activity and make use of the facilities granted, even from their own offices or residences, after appropriate registration. This will allow the legalisation of business, wages and ultimately increase the tax base on a high value-added industry with the highest paid jobs.
As a result of the analyses carried out, the current tax facilities for employees of IT companies have been extended until 2020. Thus, monthly income is considered as taxable income if it does not exceed 2 average monthly salaries per economy forecast for the year in question, for employees of IT companies whose main activity is software development. Monthly income in excess of 2 average monthly salaries for the economy forecast for that year is considered non-taxable income.
Report HG nr 904/2018 (15.04.2021)