Moldova's Official Journal publishes government decision on measures of backing entrepreneurial activity

Chisinau, 21 April /MOLDPRES/ - The draft laws on the establishment of measures of backing the entrepreneurial activity and amendment of normative acts, approved by the government last week, and which is to be considered by parliament, was published in the Official Journal (Monitorul Oficial) today.  

Under the draft, to support the employees and employers in the conditions of economic effects triggered by the epidemiological situation (COVID-19), the programme of subsidizing the interests and the programme of return of the value added tax (VAT) are established.   

„The size of the monthly subsidy provided to beneficiaries represents the sum of the monthly interest paid for the loans borrowed within the programme on subsidizing of interests. The maximal value of loan or the loans for which the subsidy is provided represent a cumulative sum of the salary payments declared by beneficiaries at the State Fiscal Service for the months: December 2019, January 2020 and February 2020 (in continuation the cumulative sum of the salary payments),’’ reads the document approved by the cabinet.  

The maximal rate of the annual nominal interest, due to be subsidized, is 8.76 per cent in the national currency and 4.40 per cent in foreign currency.   

At the same time, the VAT reimbursement programme stipulates the cut to 15 per cent of this tax for the HORECA sector, as well as for more categories of payers and insured people, pointing out the tariffs and terms of transfer of contributions of mandatory state social insurances.  

The financing sources from the population’s support fund are: portability tax worth 50 per cent of the monthly payment of operation, administration and maintaining of the centralized database for the implementation and carrying out of numbers’ portability; airport tax – worth 50 per cent of the sum monthly accumulated from the tariff for the airport’s modernization; tax for the providing of mobile telephony services  - worth 2.5 per cent of the income got from the sales related to these services; transfers got from the compulsory additional payment in quantum of 0.1 per cent of the sum paid at the purchasing by private people of foreign currency in cash and of traveller’s cheque payable to bearer in foreign currency against financial means in cash at exchange desks and at licenced banks, which carry out activities of currency exchange in cash with private people, including through exchange apparatus; sponsorships and other collections which do not run counter the legislation.    

Source: www.monitorul.md