The Number of Millionaires in Moldova Increased by 755 People

The Number of Millionaires in Moldova Increased by 755 People
13 August 2020 | 12:30

The number of people who obtained incomes higher than 1 million lei increased by 42.89 percent or by 755 people in 2019, compared to 2018. The data were presented by the State Tax Service, according to Bizlaw.

The Tax Office identified 2,515 people who obtained incomes higher than 50,000 euros (1 million lei) during 2019. In 2018, there were 1,760 individuals with a higher income than 50,000 euros per year.

In 2019, the total income obtained by these people is over €454.857 million (9 billion lei), or about €146.56 million (2.9 billion lei) more than in 2018. Moldovan millionaires paid, in total, income tax in the amount of €29.62 million (586.11 million lei), by €5.37 million (106.4 million lei) more than in 2018.

The highest amount of income obtained by an individual in 2019 was €16.37 million (324.08 million lei), compared to €4.2 million (83.25 million lei) in 2018. The youngest person in Moldova with incomes higher than one million lei is 18 years old, and the oldest – 85 years old.

In total, in 2019, the citizens of Moldova declared revenues in the amount of €3.508 billion (69.43 billion lei), and the income tax withheld at source amounted to €236.02 million (4.67 billion lei). The main source of income for people is the salary.

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