Tax facilities for gambling activities cancelled in Moldova

Chisinau, 15 August /MOLDPRES/ – The legislature has operated, on Thursday, 15 August, amendments to the Fiscal Code (CF) and cancelled the tax facilities for gambling activities. The project to amend the tax legislation was voted by 53 MPs.

Following modification of legislation, there were canceled exemptions from the income tax payment of the winnings from the lotteries and sports bets, as well as the VAT exemptions without the right to deduct the imported goods and services within the public – private partnership projects.

Also, it was repealed the rule regarding the VAT refund on capital investments made within the public – private partnership of national interest, as well as cancellation of exemption from the payment of tax for commercial units and services provided for persons which practice activities declared by law as activities that constitute state monopoly.

The draft law was approved in both readings during the extraordinary session of the legislature that takes place on 12 – 16 August.