Moldova's Ministry of Finance has reportedly proposed an exemption from withholding tax on dividends, including stock dividends, paid between resident companies in Moldova. Currently, such dividends are subject to 6% withholding tax, which is increased to 15% if paid out of profits derived during the period 1 January 2008 to 31 December 2011. If approved, the exemption will apply from 1 January 2021. The 6% withholding tax on dividends paid to non-residents will not be affected.