Moldova Tax Agency Announces Amendments to Various Taxes

The Moldovan State Tax Service Jan. 5 announced amendments to various taxes for 2024. The announcement includes measures: 1) expanding the spectrum of deductible expenses for tax purposes and extending the list of deductible expenses for individuals; 2) explaining taxable benefits granted by an employer; 3) revising rules on the determination of capital gains and losses; 4) standardizing the income tax withholding rate at 6 percent for investment income of natural persons; 5) reducing the VAT rate for the hotel and restaurant (HORECA) sector to 8 percent from 12 percent, effective Dec. 31, 2023; 6) introducing a VAT exemption without ...