The Moldovan government has announced a number of proposed amendments including:

• The replacement of the current two-rate system for individual income tax (7% and 18%) with a single flat tax rate of 12%, along with a set individual exemption equal to MDL 24,000, up from MDL 11,280;
• A reduction in the social security contribution rate for employers from 23% to 18%;
• A reduction in the VAT rate f…