The value added tax will remain the main source of revenues for the state budget. For next year, the revenues from this tax are forecast at 36,433 million lei, 9.1% up compared with this year. According to the draft state budget law for 2025, VAT will represent 54.8% of the total taxes and 50.9% of the total state budget revenues, IPN reports.

The Ministry of Finance said that the value added tax collections for 2025 were estimated based on the forecast of domestic consumption (9.3% higher compared to 2024), the 6.1% increase in imports, the fluctuation of the exchange rate, the improvement of tax and customs administration.

Receipts from value added tax on goods produced and services provided on the territory of the republic for 2025 are projected at 14.060 billion lei and will increase compared to the 2024 level by 1.253.0 billion lei or 9.8%.

According to the draft, VAT receipts from imported goods are estimated at 27.430 billion lei. Compared to the level of 2024, the respective receipts will be up by 2.032 billion lei or 8%.

The refund of value added tax on goods and services with the right to deduct is estimated at 5.057 billion lei and constitutes 13.9% of the VAT amount forecast in the budget. VAT refunds will increase by 240 million lei or about 5% and, as a share in the GDP, will constitute about 1.4%.

"The fiscal policy measures, proposed to be implemented next year, will amount to an increase in (net) excise receipts in the state budget by 950.8 million lei or 8.1% compared to the level of 2024 and will amount to 12.689,8 billion lei. The excise duties will represent 19.1% of the total taxes and 17.7% of the total state budget revenues,” says the draft law.

Of the excise receipts estimated for 2025, 11.417 billion lei or 89.7% are expected to be collected from the sale of imported goods, and 1.304,8 billion lei or 10.3% – from the sale of goods produced on the territory of the Republic of Moldova.