Moldovan parliament makes amendments in bugetary – fiscal policy

Chisinau, 16 August /MOLDPRES/ – The MPs have voted, amendments to the Tax code (CF), Law on customs tariff, Law on payment for environmental pollution, Law on public social security system, Law on meal vouchers and Law on voluntary declaration and fiscal stimulation in plenary meeting, on Friday, 16 August.

The project, approved in two readings by 55 votes of MPs, provides for modification of condition of use of personal exemption of MDL 24,000 by introducing a degree of progressivity within system of taxation of natural persons, so that the personal exemption will benefit only the natural persons which have revenues less than MDL 360,000 yearly.

In order to simplify tax administration, in case of natural persons, it will be withheld the income tax at the source of payment in amount of 12 per cent. Also, the reduced rate of VAT in the amount of 10 per cent will be modified by applying standard rate of VAT of 20 per cent for deliveries made by economic agents operating in HoReCa.

Also, it will be reviewed the tax treatment of commercial transactions through international postal items. If the goods are not commercial, do not exceed the quantitative limits established by legislation or their value does not exceed the non – taxable limit of €200, then they will be exempt from VAT and excise duties. If the goods are commercial in nature, they exceed quantitative limits established by legislation or their value exceeds the non – taxable limit of €200, then it will be calculated VAT and excise duty starting from the value of goods in customs.

The legislators have decided that it will be increased by 20 per cent, the payments applied to goods polluting environment.

The changes of legislation were carried out against the backdrop of several protests organised by representatives of HoReCa.