Contribution of Legal Persons' Income Tax to the Formation of Public Financial Resources in the Republic of Moldova

Abstract

This research analyzes the contribution of income tax to the formation of public financial resources in the Republic of Moldova in 2020-2024, highlighting the trends and factors that influenced its evolution. The topicality of the topic lies in the efforts of the Republic of Moldova to align with European standards. The study's main purpose is to determine the efficiency of collecting this tax and its impact on the public budget, using a comparative approach with international standards. The methodology used includes statistical analysis, graphical methods for highlighting the dynamics of tax revenues, as well as econometric models for measuring the elasticity of income tax revenues to GDP. The results indicate a significant increase in income tax revenues by 76.94% in the last 5 years, influenced by inflation, the increase in the number of enterprises, and the efficiency of tax collection. However, in the period 2023-2024, a decrease in revenues from this tax was noted, despite the increase in GDP, suggesting possible fiscal inefficiency. CZU: 336.226.14:336.14(478); JEL: H27, H29, H32, E31