Moldova Tax Agency Announces VAT Reduction for HORECA Sector Due to Energy Resource Shortage

The Moldovan State Tax Service Dec. 16 announced a 6 percent VAT reduction for the hotel, restaurant, and cafe (HORECA) sector starting Dec. 16, in view of the state of emergency that has been declared in the country due to energy shortages. The announcement clarified that: 1) the reduced VAT rate is applicable from Dec. 16, 2024, to Feb. 13, 2025; 2) the VAT reduction applies to food products and beverages (excluding alcoholic products), both prepared and unprepared, for immediate consumption, as well as accommodation services in various types of lodging facilities, such as hotels, motels, tourist villas, guesthouses, and ...