The leadership of the State Tax Service and the Moldovan Banks Association (ABM) discussed the amendments made to the budgetary and tax policy for this year concerning the taxation of bank interest and interest on government securities.
According to the State Tax Service, in particular, during a working meeting, the head of the State Tax Service, Serghei Puscuta, confirmed the openness of the national tax authority for the early identification of all questions and ambiguities in this matter, in order to provide appropriate answers and explanations that will be applied uniformly by both taxpayers and administrators of government revenues. The meeting discussed the following issues: withholding income tax from interest on deposits of individuals; presentation of annual information on non-resident individuals who have been withheld taxes on their income, in accordance with Art. 91 paragraph (1) of the Tax Code; withholding income tax from interest on government securities (GS) paid to resident individuals; withholding income tax from interest on government securities paid to non-resident individuals. The parties agreed to discuss at the next meeting the transfer of data between banks and bailiffs through the automated information system "Creation and Circulation of Electronic Documents". Earlier it was reported that amendments took effect on January 1, 2021, according to which banks, savings and loan associations, as well as issuers of corporate securities withhold a 3% tax from the interest paid to resident individuals, and the tax will be levied only from the interest paid to resident individuals, which is accrued from January 1, 2021, shall be taxed // 12.03.2021 - InfoMarket.
