Moldova Tax Agency Announces Approval of Proposed Tax Measures

The Moldovan State Tax Service Nov. 13 announced parliament approval of proposed tax measures. The proposals includes measures to: 1) allow VAT deductions based on qualifying fiscal receipts, for purchases not exceeding 2,000 Moldovan lei (US$111) per receipt, up to a maximum of 10,000 lei (US$559) per tax period; 2) provide a VAT exemption without the right of deduction, for domestic goods exported using postal services and returned within three months from the export date; 3) increase the threshold for arrears considered under tax debts to 500 lei (US$28) from 100 lei (US$6); and 4) reduce the minimum obligation for ...