Moldova Planning to Exempt Dividends Paid between Resident Companies from Withholding Tax

Moldova's Ministry of Finance has reportedly proposed an exemption from withholding tax on dividends, including stock dividends, paid between resident companies in Moldova. Currently, such dividends are subject to 6% withholding tax, which is increased to 15% if paid out of profits derived during the period 1 January 2008 to 31 December 2011. If approved, the exemption will apply from 1 January…
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