Real estate means heavy contracts and money that arrives upfront, before you can recognize revenue. A flat sold off-plan, rent billed quarterly, a building with dozens of owners — each one needs separate records, by project and by property. We keep the books, draft the contracts and file accurate reports, so you handle the deals, not the ledger cards.
We work with developers, real-estate agencies and property managers in Moldova. We know the VAT regime on transactions: under art. 103 of the Tax Code, the supply of housing and land, and the leasing of those, are VAT-exempt without the right of deduction, while the sale and lease of commercial premises are generally VAT-taxable. We account correctly for advances from buyers, recognize revenue when risks and benefits transfer to the buyer, calculate depreciation and handle the real-estate tax, whose rates are set by local authorities and shift with the cadastral revaluation. We draft and review sale-purchase and lease contracts, support owners' associations and advise on the tax structuring of transactions. We do not perform audit, broker deals or physically manage buildings — we handle the accounting, legal and tax side.
What we handle and how
Money comes in before you deliver
You collect advances from buyers for flats that are not yet built, but you are unsure when and how to recognize revenue. You risk booking income too early and paying tax on money that is not yet yours.
We treat advances correctly as deferred revenue and recognize income only when risks and benefits transfer to the buyer, at handover. We keep records by project and by property, so at any moment you see what you collected, what you recognized and what you owe.
Some housing supplies are VAT-exempt, but commercial premises and office rent are not. You apply the regime wrong and either lose the right of deduction or charge VAT where you should not.
We handle VAT on sales and rent correctly: we apply the art. 103 exemption for housing, land and their leasing, and charge VAT on taxable commercial premises. We clearly separate supplies with and without the right of deduction, so your returns are clean.
You use old sale-purchase or lease templates without clear handover, penalty or termination clauses. When a dispute with a buyer or tenant arises, the contract does not protect you.
We draft and review sale-purchase and lease contracts under the Civil Code, with clear payment terms, handover deadlines, penalties and termination. We also cover construction-investment contracts, so your transaction is protected from the advance to the transfer of title.
After the cadastral revaluation, property values changed, rates differ from one locality to another, and you are not sure how much you owe on each object in the portfolio.
We calculate and track the real-estate tax for each property, applying the local authority's rates, and follow the effect of the cadastral revaluation. We also calculate depreciation correctly, so the taxable result reflects reality, not a rough estimate.
You buy, develop or sell in your own name without analyzing whether another structure would cut your tax burden or simplify the VAT and income treatment.
We analyze the transaction before signing and show you the tax-structuring options — by legal entity, by project or by stage — with each one's effect on VAT, income tax and real-estate tax. The decision stays yours; we put the numbers and consequences on the table.
You have agents, site engineers or property managers on different contracts and salaries, and every month you get lost in payrolls, CNAS and CNAM.
We run full payroll: pay sheets, CNAS and CNAM contribution calculations, employment contracts and monthly reporting. We also handle records for owners' associations, where the manager is responsible for the accounting and the annual budget.
How much does accounting cost for a real-estate or development company?
It depends on the number of projects and properties, the volume of transactions, the applicable VAT regime and the number of employees. A developer with buyer advances and several projects needs more bookkeeping than a small agency. We give you a fixed quote after a free consultation, with no hidden costs.
How do I switch from my current accountant to you?
We take over the records from your current accountant, check the balances, contracts in progress, buyer advances and the VAT position, then continue without interruption. We handle the whole transfer, including communication with the previous accountant. You lose no day and no filing.
Is the sale of flats subject to VAT?
Under art. 103 of the Tax Code, the supply of housing and land is VAT-exempt without the right of deduction. Commercial premises and other non-residential property are generally VAT-taxable. We set the correct regime for each type of property and separate supplies with and without the right of deduction in your records.
Does rent collected need to be billed with VAT?
The leasing of housing and land is VAT-exempt without the right of deduction under art. 103. The lease of commercial and office premises is generally VAT-taxable. We apply the correct regime to each lease contract and issue your invoices the right way.
Can you prepare sale-purchase and lease contracts?
Yes. We draft and review sale-purchase and lease contracts under the Civil Code, including construction-investment contracts and advance, handover, penalty and termination clauses. We tailor each contract to the specific transaction rather than handing you a generic template.
Do you also work with owners' associations?
Yes. We keep the accounting for owners' associations, track contributions and common expenses, and support the manager in drawing up the annual budget and reporting, in line with the condominium legislation.
Hand your books to people who know your industry
Start with a free consultation and a dedicated account manager.