The State Tax Service of Moldova informs economic agents registered as VAT payers about the launch of the VAT Refund Program.
As noted in the statement of the State Tax Service, this program was launched on the basis of the Law on the establishment of certain measures to support entrepreneurship and on amendments to some regulations. The essence of the VAT refund program is to provide entities registered as VAT payers with the right to refund VAT amounts from the budget that are subject to deduction in the subsequent period. Thus, if the subjects of VAT taxation, according to the VAT declaration for December 2019, registered the VAT amounts that are deductible in the next tax period, they are entitled to a refund of the VAT amounts that are deductible in the subsequent period, reflected in the VAT returns for the tax period for which VAT refund is requested. VAT refunds, in accordance with the program, are carried out for the period starting from the month of the cancellation of the state of emergency (May 2020) to December 2020, inclusive. As noted by the State Tax Service, in accordance with the norms of the said law and the Regulation on VAT refunds for VAT payers that have registered VAT amounts that are subject to deduction in the subsequent period, the maximum refund amount is limited to the amount of payroll taxes paid for the tax period for which VAT refund is requested. For VAT refunds, it is necessary to submit an application in the form established by the appendix to the above regulation to the General Tax Administration Directorate at the place of service or, depending on the situation, to the Main Large Taxpayers Administration Directorate. The application can also be sent to an e-mail address using an electronic signature. Contact details of the main departments of tax administration can be seen by clicking on the link, or in Appendix No. 2 to the said regulation. The term for consideration of the application is 25 working days, during which tax control is carried out to verify the correctness of determining the amount of VAT to be refunded. In view of the above-mentioned, the State Tax Service reminds taxpayers of the opportunity to take advantage of the VAT refund established by law. Payroll taxes - the amount of income tax, compulsory state social insurance contributions paid by the employer, individual compulsory state social insurance contributions and compulsory health insurance contributions, calculated as a percentage, paid by the employer and the employee for the tax period and / or tax periods corresponding to the validity of VAT refund programs’ period. //03.08.2020 - InfoMarket.