Moldova Parliament Considers Bill to Implement Tax Relief Measures Due to Coronavirus

The Moldovan Parliament April 17 accepted for consideration a bill to implement tax relief measures due to the coronavirus pandemic. The bill includes measures to: 1) implement an interest subsidy regime; 2) implement a VAT refund program for companies; 3) reduce the VAT rate to 15 percent from 20 percent for specific industries; 4) allow charitable deductions for donations related to the coronavirus pandemic; 5) exempt VAT on book production, including royalty income; 6) provide a four-year extension on the 7 percent single tax rate for information technology (IT) park residents; and 7) allow domestic producers to have access to ...