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Should Moldova Abolish VAT on Investment Gold to Boost Savings and Economic Growth?

  • Moldovans face limited options for saving, with most funds held in banks, real estate, or cash, and very little in investment gold or financial instruments.
  • Compared to Romania, Moldova’s capital is less active in the financial system, leading to illiquidity and poor capital redistribution.
  • Investment gold is a globally recognized store of value, typically exempt from VAT, unlike in Moldova where VAT makes it less accessible.
  • Gold offers high liquidity and strong price growth, making it a viable alternative to real estate for savings.
  • Imposing VAT on investment gold restricts access, drives money abroad or into the shadow economy, and hinders market development and transparency.

Source: logos-pres.md

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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