Tax and Legal Alert: Reduced VAT rate on zootechnical, phytotechnical and horticultural products
We would like to inform you that the Parliament of the Republic of Moldova has approved a project law so as to adjust the Tax Code with regard to the VAT applicable rate.
According to the approved law, the VAT reduced rate of 8% is applicable only to specific zootechnical, phytotechnal, and horticulture products that are produced, imported and/ or supplied whithin the teritorry of the Republic of Moldova.
This modification entered into force as of 7 April 2015.
Source: Law no. 50 dated 3 April 2015 on modification of the Tax Code no. 1163-XIII dated 24 April 1997, Monitorul Oficial no. 84 (5126) dated 7 April 2015
PricewaterhouseCoopers (PwC) Moldova
PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. This network structure provides PwC member firms with the flexibility to operate simultaneously as local businesses, but also on a global scale, creating a platform through which member firms share knowledge, skills and resources and delivery services of consistently high quality to international and local clients.
PwC started operations in Moldova in 1996. It has continuously expanded the scope of its services and currently offers a full range of professional services to both international and Moldovan enterprises. Overseen by 16 partners and employing over 600 specialists and support staff, PwC operates in Romania and Moldova from a network of four offices in Bucharest, Timisoara, Cluj-Napoca, Constanta and Chisinau.
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