Society

14 September, 2026 / 10:16

/ 1 hour ago

DOC // Tax incentives for modernizing 15 schools

Goods and services imported or supplied for the implementation of the School Modernization (Public Financing Facility) project, financed by the Council of Europe Development Bank, are eligible for tax incentives. The law providing for these exemptions was published in the Official Journal and has entered into force.

According to the legislative act, goods and services imported for the implementation of the project are exempt from value-added tax (VAT), excise duties, customs duties, and the fee for goods that cause environmental pollution during use.

The impact of the tax incentives granted is estimated at €5.8 million.

The School Modernization project is financed through a €30 million loan and a €5 million grant provided to the Republic of Moldova by the Council of Europe Development Bank. The funds are intended to rehabilitate 15 educational institutions within the network of 90 model schools.

According to the relevant authorities, the modernization works will help improve study conditions for approximately 12,800 students and 800 teachers. The investments target the infrastructure of educational institutions and the creation of safe, modern learning environments adapted to students’ needs.

The law was adopted by Parliament on September 3, 2026.

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