Regulation on providing facilities as to value added tax to be published in Moldova's Official Journal

Chisinau, 19 October /MOLDPRES/ - A regulation which establishes obligatory requirements for the organizations and enterprises of blind people’s societies, deaf persons’ societies and invalids’ societies will be published in the 20 October issue of the Official Journal (Monitorul Oficial). The regulation’s goal is benefiting from exemption from the value added tax (VAT) on the import of raw material and accessories necessary for the own production process and from the exemption from the transfer to the budget of VAT on the delivery of goods produced.      

The document provides for simplified procedures of consideration and selection of the aforementioned enterprises and organizations, which will contribute to diminishing the degree of bureaucracy at the state institutions and to stimulating the work of economic agents.    

Thus, to be included in list of enterprises exempted from VAT, the organizations must meet some conditions; the enterprise should have, as founder, one of the societies of blind people, societies of deaf persons or societies of invalids and should have a large number of disabled persons among their employees.

The act establishes that the organizations will submit an application to the Tax Service, with the presentation of the copies of confirmative documents; annexed to these documents are the copies of the certificate on registration of the commercial organization, certificate on giving the status of public utility, decision on registration of the enterprise or organization, issued by the public institution Public Services Agency or Justice Ministry, the extract issued by the Public Services Agency, which shows the fact that the enterprise has capacity of founder of one of the societies of blind persons, deaf people or invalids.   

Also, the concerned people will be obliged to annex the last financial report presented to the National Statistics Bureau, which confirms the temporary owning, possessing or use of the needed equipment and technology for the production process at a level of at least 50 per cent of all the needed equipment and technology, the document confirming the cost of the raw material used in the own production process.       

The application and documents annexed to it will be examined by the State Fiscal Service, which, in case of acceptance, will file a request on the completion of the list of beneficiaries from VAT exemptions to the Finance Ministry.  

(Reporter A. Zara, editor M. Jantovan)