Moldovan fiscal, customs policy objectives for 2018 discussed at tripartite commission meeting

Chisinau, 03 October /MOLDPRES/ – The meeting of the National Commission for Collective Examinations and Consultations took place today, during which the draft law for amending and completing some legislative acts on achievement of the fiscal and customs policy objectives for 2018 was examined and supported, the government’s communication and protocol department has reported.

According to the project, in the income tax item, it is foreseen to increase the taxable income tranches, as well as to increase the annual relief and annual relief for the persons maintained by adjusting them to the inflation rate projected for 2018 (6 per cent). This measure comes to reduce the effect of inflation on the incomes of the population.

At the same time, in order to diminish the phenomenon of tax evasion, the draft stipulates the mandatory use of the electronic tax invoice by certain categories of economic agents and by the taxable subjects who carry out taxable deliveries within the framework of public procurement.

In order to meet the EU's indirect tax rules, the fiscal policy provides for an increase in excise duty rates for petroleum, tobacco and alcohol products by adjusting to the projected inflation rate for 2020 (5 per cent) and setting them for a period of 3 years.

Regarding the exemption from value added tax and excise duty on imported goods, the project sets the maximum amount of €300 per person for the introduction of goods for non-commercial purposes in Moldova. For passengers using air transport and those using maritime transport, the financial threshold for travelers' goods will be €430.

The fiscal policy for 2018 will be submitted for approval to the Cabinet of Ministers and later to Parliament.