The Ministry of Finance is holding public consultations on the draft fiscal policy for 2023.
The document contains a package of amendments to 20 normative acts. As expected, the impact of the proposed changes will be neutral, and the amount of additional revenues to the budget will be almost equal to the amount that the budget will not receive. At the same time, the proposed measures are aimed to increase the liquidity of businesses, the growth of economic activity, and the effects of these measures will be tangible in the coming years. According to the draft, next year there are no plans to increase personal exemptions for citizens, exemptions for dependents, etc. At the same time, it was proposed to introduce a progressive income tax rate - citizens with income over 1 million lei will pay to the budget 18% of income received. Employees of ICT parks and employees of the sphere of car transportation in the cab regime will be eligible for personal exemption in general order. It is also proposed to revise the concept of taxation of corporate income, namely, not to impose income tax on undistributed profits in the form of dividends. Tax vacations for this category of taxes will be granted for 3 years. Commercial activities on the basis of a patent on items 1.1 and 1.2 is proposed to be allowed till the end of June 2023, but only for those persons who will have a valid patent at the end of 2022. It is proposed to revise the principles of taxation of non-residents and the regime of taxation of income on interest paid in favor of resident individuals. It is planned to abolish VAT exemptions for postal services (except for distribution of pensions and social benefits), scooters with electric motor, import and supply of certain categories of vehicles, services for operational or financial leasing of aircraft, import and supply of waste ferrous and nonferrous metals. At the same time, it is planned to introduce a reverse taxation regime and transfer pricing mechanism. In 2023, excise duty rates on ethyl alcohol (+15%), as well as on tobacco and similar products (+25%) will increase. It is proposed to eliminate the maximum and specific real estate/land tax rates to allow local governments to plan the rates of these taxes every three years. It is proposed to impose a road levy for the use of a public road zone and/or protected area outside the perimeter of residential areas to accommodate road service facilities, etc. Consultation on the draft fiscal policy for 2023 is through November 20: https://particip.gov.md/ro/document/stages/proiectul-de-lege-cu-privire-la-modificarea-unor-acte-normative-politica-fiscala-si-vamala-pentru-anul-2023/9259 // 14.11.2022 - InfoMarket
