Moldovan authorities to reduce from 300 thousand lei to 100 thousand lei the threshold for legal entities’ purchases (from individuals) not subject to State Tax Service’ inspection during tax control.
This is provided for by appropriate changes to the Law on the implementation of sections I and II of the Tax Code, approved by the government after studying the amendments made by the MPs in preparation for the second reading of the draft fiscal policy for the next year. It should be noted that the current version of the relevant clause of the law says that purchases made by legal entities from individuals who do not engage in entrepreneurial activity, from which tax has been withheld and paid to the budget in accordance with part (35) of Article 901 of the Tax Code, and purchases defined in paragraphs y) and y2) of Article 20 of the Tax Code are not subject to verification in the course of tax control, if they do not in aggregate exceed 300 thousand lei during the tax year for each individual separately. At the same time, on the initiative of the MPs, the Cabinet agreed to reduce the corresponding threshold from 300 to 100 thousand lei. As Finance Minister Dumitru Budianschi noted, this will allow better monitoring of compliance with tax compliance. // 03.12.2021 - InfoMarket.
