Taxes

In Moldova, some types of hybrid cars will lose their previous excise tax benefits, while for some they will be reduced.

In Moldova, some types of hybrid cars will lose their previous excise tax benefits, while for some they will be reduced.

09.12.2019

This is envisaged by amendments to the Tax Code, approved in the framework of the fiscal policy for 2020, which was adopted by Parliament in the first reading. In particular, the current edition of 124 Art. of the Tax Code (“Excise Tax Benefits”), provides that the excise rate is reduced by 50% for cars with hybrid engines classified under heading 8703. The amendments approved by the Tax Code specify that it refers to plug-in Hybrid machines ( PHEV) with an electric motor as an engine that can be charged when connected to an external source of electricity. At the same time, it is stipulated that ...
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