Correction: Moldova's Convergence Fund VAT limb starts 1 January 2027, not 1 August 2026

What changed in detail

Moldova’s Law No. 67 of 30 April 2026, establishing the Convergence Fund and amending certain regulatory acts on value added tax and excise duties, was published in Monitorul Oficial No. 194-197 of 7 May 2026. It establishes a state-budget Convergence Fund financed in part by a share of taxes paid by persons in the Transnistrian region, and amends Law No. 1417/1997 so that the supply of balancing electricity to economic agents with no fiscal relations with Moldova’s budgetary system, and the import and subsequent supply of natural gas of tariff heading 2711 to such consumers and economic agents, become subject to VAT under a procedure to be set by the Government. Under Article VI, the law entered into force on the date of publication — except that the VAT provisions of Article II enter into force on 1 January 2027, and the excise provisions of Article II and Article III enter into force on 1 January 2030.

What it means

This corrects md-vat-excise-exemptions-phaseout-2026, which reported the VAT and excise changes taking effect from 1 August 2026. The law itself did commence on publication, 7 May 2026 — but Article VI carves the VAT and excise limbs of Article II and III out of that general commencement and defers each separately: VAT to 1 January 2027, excise all the way to 1 January 2030. If a Moldovan VAT-liability change was built for 1 August 2026 on the strength of the earlier record, unwind it — nothing required action on that date, and the actual VAT deadline is five months further out than 2026 reaches at all.