Moldova Gazettes Law Amending Various Tax Regulations Under 2023 Budget

The Moldovan Official Gazette Aug. 10 published Law No. 212, amending various tax regulations under the 2023 budget. The law includes measures: 1) applying VAT to balancing electricity; 2) allowing a deduction for employee payments towards alternative care services, up to 2,500 Moldovan lei (US$140) per month for each child 3 years old and younger; 3) allowing a deduction for expenses of individuals for health insurance contributions, mandatory contributions, voluntary medical care premiums, and interest charges on mortgage loans for first home purchases; 4) implementing a 6 percent withholding tax on interest; 5) establishing tax rates for the extraction of ...