The State Tax Service of Moldova announced some changes made to the procedure for declaring value added tax.
As noted in the message of the State Tax Service (STS), the innovations are due to the introduction of amendments to 102 Art. of the Tax Code, regarding the tax period in which taxpayers can exercise their right to deduct VAT on certain categories of acquisitions. In connection with inquiries from the business community, the STS provided details on these changes made to the procedure for declaring value added tax. As noted by the STS, in particular, in accordance with part (12) of Article 102 of the Tax Code, the subject of taxation is the buyer (recipient) of services, electricity, heat energy, natural gas, public services of fixed and mobile telephony, utilities, as well as oil products, has the right to deduct the paid or payable amount of VAT on the listed acquisitions, in the month in which they were delivered, if the tax invoice was issued by the supplier before the 10th day inclusive of the month following the month in which the documented delivery, by the corresponding tax invoice, took place. At the same time, the changes made to the Procedure for completing the VAT Declaration clarify the list of persons obliged to submit the VAT Declaration, who in contractual relations act as buyers of property of enterprises registered as VAT payers in the process of insolvency, with the exception of those in the process of restructuring and implementation of the plan, as well as pledged property, property encumbered with a mortgage, property that has been seized. // 04.08.2021 - InfoMarket
