March 25 is the deadline for the payment of land tax and / or property tax, acquired after June 30, 2018 – the State Tax Service

March 25 is the deadline for the payment of land tax and / or property tax, acquired after June 30, 2018 – the State Tax Service

The State Tax Service reminded the taxpayers who own property about this, noting that if the relevant taxes are not paid by the due date, a penalty of 0.0329% per day will be applied for each day of delay. The State Tax Service stressed that, according to the Tax Code, the following legal entities and / or individuals, residents and non-residents of Moldova must pay this type of tax: owners of real estate (including land plots) in the territory of the Republic of Moldova; tenants who lease agricultural land that is privately owned, unless otherwise provided by the lease agreement; owners of property rights (rights of ownership, management and / or use) of real estate - public property in the territory of the Republic of Moldova; tenants or tenants of immovable property of public bodies and institutions financed from budgets of all levels; real estate tenants - in the case of a financial leasing contract; lessors or tenants of immovable property that is the private property of non-residents, unless otherwise provided by the rental / property lease agreement. According to the Tax Code of the Republic of Moldova, real estate tax is paid by the subject of taxation to local budgets at the location of taxable objects, in equal parts until August 15 and October 15 of the current year. Taxpayers who pay the full amount of tax for the current tax year before June 30 of the relevant year are entitled to a 15% reduction in the tax amount. At the same time, individual entrepreneurs, peasant (farmer) households, whose average annual number of employees does not exceed 3 units during the tax period and who are not registered as VAT payers, pay real estate tax before March 25 of the tax period following the reporting tax period. Legal entities and individuals who purchased real estate after June 30 of the relevant tax period shall pay real estate tax before March 25 of the tax period following the reporting tax period. // 07.03.2019 - InfoMarket.

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