The Regulation on VAT refunds for agricultural producers was published in Monitorul Oficial (the Official Journal of Moldova) and took effect on January 19.
The document establishes the procedure for applying for VAT refunds, describes the actions of the State Tax Service (STS) on the application of the applicant, the rules for determining the amount of VAT to be refunded. VAT refunds to farmers are provided for the tax period April 2022 - June 2023 on the basis of the application filed by the farmer. The beneficiaries of the program of VAT refund will be the companies that in 2022 carried out at least 95% of the activities listed in groups 01.1-01.6 of the Classifier of Economic Activities of Moldova, as well as companies that incurred losses due to the embargo imposed by Russia on the import of horticultural products from Moldova, companies that will provide proof of ownership or use of perennial plantations and the certificate issued by the local public administration authorities regarding the crops and crop harvest. The applications of the agrarians will be examined on condition of submitting the VAT return for the period for which the VAT refund is requested, the IPC21 (BIJ17) reporting form, in case of correct reflection of the VAT amount to be deducted, etc. STS has the right to examine the submitted application within 20 days. VAT shall be reimbursed on the basis of the decision on settlement of debts to the national public budget or, if there is no debt, on the account of future obligations to the national public budget or to the bank/payment account. It is also envisaged that in case of VAT improper refunding, the applicant shall be obliged to return the received funds to the budget and to pay a penalty for improper refunding. // 19.01.2023 - InfoMarket.
