
The State Tax Service of Moldova (STS) resumes the Bank / Non-Bank Loan Interest Subsidy Program and the VAT Refund Program.
As explained by the State Tax Service, both programs have been resumed in accordance with the decision of the National Emergency Situations Commission. All necessary amendments to the normative acts were published in Monitorul Oficial (the Official Journal of Moldova) on April 16. The beneficiaries of the interest subsidy program can be enterprises that received loans in the period from May 1, 2020 to May 31, 2021 inclusive, and their income declared in tax reports established in accordance with the data of financial statements for the tax period 2020, are lower than the income received and declared for the 2019 tax period. The maximum amount of loans in respect of which the right to a subsidy can be exercised is the total amount of salary payments declared by beneficiaries to the STS for the period from September 2019 to February 2020. The STS explained that the application for a subsidy must be submitted for each calendar month separately or cumulatively over several months relating to the period of implementation of the Interest Subsidy Program. In this case, the application is submitted before the end of the month following the month in which the program is completed. Applications made after this date will not be considered and no grant will be paid on their basis. At the same time, from January to May 2021 (inclusive), the VAT Refund Program has been extended for applicants who are not agricultural producers and were affected by natural disasters. The amount of VAT to be refunded will be determined on the same terms as in the period of refund from May to December 2020. It cannot exceed the amount of VAT to be deducted in the subsequent period and the declared / paid amount of salary taxes (income tax on salaries, state social insurance contributions and compulsory medical insurance premiums) related to the period of reimbursement. At the same time, the total amount of VAT refund under the VAT Refund Program will not exceed the amount of VAT provided for the subsequent period, reflected in the VAT declaration for the financial period of December 2020. More detailed information is available in the State Tax Service: 0 8000 15 25. // 20.04. 2021 – InfoMarket