Moldova Tax Agency Announces Draft Bill to Amend Fiscal Code on Direct Taxes

The Moldovan State Tax Service Jan. 14 announced a draft bill to amend the Fiscal Code on direct taxes. The bill includes measures to: 1) transpose EU council directives related to interest and royalty payments, parent companies and their subsidiaries, tax avoidance rules, and tax dispute resolution mechanisms; 2) exempt dividends, interest, and royalties paid between associated companies from EU member countries, including conditions for exemptions and refund rights for withheld taxes; 3) clarify the taxation of controlled foreign corporation (CFC) income, exemptions from CFC classification, and available double taxation relief for CFCs; 4) set the June 30 deadline to ...