The State Tax Service reminds about the changes in the Tax Code that relate to value added tax.
As the press service of the State Tax Service reported, from January 1, 2023, the exemption from VAT on the import and supply of aircraft from the tariff position 8802 40,000, helicopters (880211000, 880212000), locomotives (8601, 8602), self-propelled cars used in public passenger transport from tariff position 8603, their parts from tariff positions 880310000 - 880330000 and 8607, as well as services for operational and financial leasing of the above vehicles. In addition, VAT is not applied to scooters with an electric motor, to the import and supply of ferrous and non-ferrous metal waste, as well as industrial waste containing metals or their alloys and used directly in economic activities in Moldova. All these categories of goods are subject to VAT on a general basis. In addition, since this year, the procedure for applying VAT on the import of services has been changed, special rules have been introduced for determining VAT deductible in the case of the provision of construction services (works), the obligation to apply proportionality has been eliminated if the cost of annual VAT-free supplies without the right to deduct does not exceed 5% of turnover. The tax regime for VAT on water supply and sanitation services for the population has been changed from non-taxable regime, without the right of deduction, to the exempt regime, with the right of deduction. The obligation to issue a tax invoice in the event of recalculation of reimbursed expenses in favor of individuals has been excluded. Also, from January 1, a new mechanism for refunding the amount of VAT associated with the purchase of goods and services was implemented. The new concept provides for VAT refunds for taxable entities registered as VAT payers who process transactions through the e-Factura automated information system and issue fiscal checks through cash registers connected to the Electronic Sales Monitoring information system. The procedure for reimbursement will be approved by a government decree. More detailed information about innovations is available in the State Tax Service. // 16.01.2023 — InfoMarket.
