The Moldovan government is set to unveil a comprehensive overhaul of its fiscal policy today, headlined by a proposed 50% increase in corporate income taxes for the banking sector.
Finance Minister Vasile Tofan confirmed the measure as part of a broader package that also targets higher levies on tobacco, alcohol, and gambling operations.
Polish banks, for instance, have recently braced for further tax increases after the sector's tax burden reached 16 billion zloty in the first half of the year alone.
The tax hike on banks represents a significant shift in the government's revenue strategy, aiming to offset planned reductions in labor taxation.
The proposal also includes modifications to the value-added tax (VAT) regime, suggesting a broader recalibration of the country's tax base to favor employment over corporate profits in specific high-margin sectors.
This development adds to a wider trend of increased fiscal pressure on financial institutions in the region.
Polish banks, for instance, have recently braced for further tax increases after the sector's tax burden reached 16 billion zloty in the first half of the year alone.