The number of farmers eligible for VAT refund will increase under a draft amendment approved by Parliament in the first reading.
According to the bill’s sponsors, a group of PAS lawmakers, the number of beneficiaries will increase after replacing the year 2021 with 2022 in terms of the amount of value added tax accumulated in the account that can be used by agricultural producers to pay contributions to the national public budget.
Also, the bill proposes a reduction from 95% to 75% of the value of agricultural activities in the turnover of the eligible beneficiary. This reduction is explained with the fact that a significant part of farmers provide services to other farmers (cultivation, plowing, sowing services, etc.), which effectively excludes them from the VAT refund scheme.
The bill is to be examined in the final reading before becoming a law.
- Moldova is in the process of coupling to the European electricity market
- Moldova will pay 54 million lei – dues to international organizations
- Public and commercial buildings will limit indoor lighting by at least 30%. CSE decision
- From January 1, electricity produced during the day will be traded only on the domestic market
- Fish consumption on the rise. MAIA: Choose local product at Christmas and all year round
