Fagura applies tax rules in accordance with the laws of the Republic of Moldova and international treaties in force. Depending on your status — whether you are an individual or a legal entity, resident or non-resident — the way taxes are applied may differ. When you register on the platform, we’ll request you to confirm the country where you are a tax resident.
The tax rules described below came into effect on November 3, 2025, and are defined in Article 29 of Fagura’s Terms and Conditions.
1.What does tax residence mean?
Tax residence refers to the country where a person is required to pay taxes on their income. In general, an individual is considered a tax resident in a country if they live there for at least 183 days during a fiscal year or if their center of vital interests is located there. The center of vital interests refers to the place where a person’s personal and economic relations are closer — for example, where their family or business is based.
Determining your tax residence is important because it affects how the income earned through the Fagura platform is taxed and how international treaties for avoiding double taxation are applied.
2. Resident individuals (from the Republic of Moldova)
If you are an individual with tax residence in the Republic of Moldova, Fagura automatically withholds income tax at source for all income earned through the platform — such as interest or other rewards (e.g., bonuses from promotions or referrals). This means that when you receive income in your Fagura account, we deduct the tax and transfer it to the tax authorities on your behalf.
Therefore, starting November 3, 2025, you no longer need to declare this income separately to the Moldovan Tax Office. Everything is handled automatically, in your name, to make managing your tax obligations easier.
3. Resident legal entities (from the Republic of Moldova)
If you invest through a company (for example, an LLC (SRL) or JSC (SA) registered in Moldova), the situation is different. For resident legal entities, Fagura does not withhold tax at source, since companies have their own accounting and tax reporting procedures.
Your company will receive the full amount of the income earned, and it will be responsible for declaring and paying corporate income tax according to the applicable laws. In this way, control over the reporting process remains with the company.
4. Non-resident individuals or legal entities (outside the Republic of Moldova)
If you are not a tax resident of the Republic of Moldova, Fagura is legally required to withhold tax at source for income generated in this country. The standard withholding tax rate is 12% of the interest amount. The exact rate and rules depend on Moldova’s Tax Code and on any international tax treaties signed between Moldova and your country of residence. If you provide a certificate of tax residence from another country, a lower rate may apply according to the relevant international treaty. Please see HERE the entire LIST.
In some cases, the legislation in your country may also require you to declare this income locally (for example, the USA) or apply additional taxes (for instance, health contributions in Romania above a certain threshold). If this applies to you, you are responsible for declaring the income in your country and paying any additional taxes locally — taking into account the amounts already withheld by Fagura in Moldova.
At the end of each year, Fagura will issue a document confirming the amount of tax withheld and paid on your behalf.
Through these procedures, Fagura ensures transparency and tax compliance for all its users — whether they are individuals, companies, or investors from other countries. This way, you can invest or access financing safely, knowing that all tax obligations are handled correctly and transparently.