KPMG Moldova: Tax Newsflash, Issue 5

KPMG Moldova: Tax Newsflash, Issue 5

• 13.01.2016

New rules on (fiscal) invoices

Order of the Ministry of Finance no. 199, dated 10 December 2015 and Order of the Ministry of Finance no. 203 dated 18 December 2015, both on the approval of the special document “(fiscal) invoice,” were published in Official Gazette of Moldova no. 340-346 (18 December 2015) and in Official Gazette of Moldova no. 347-360 (25 December 2015) respectively. 

According to these Orders, the rules for printing (fiscal) invoices will be subject to the following amendments:

- the right to print these documents will be granted based on a receipt issued electronically, following a request from taxpayers submitted via “Online Order” IT software;
- safety marks on the special paper on which these documents will be printed are to be determined by taxpayers, in accordance with their needs and possibilities.;
- printing these documents will no longer be subject to the previous restrictions (e.g. taxpayers’ volume of activity); 
- these documents can be used either in their preprinted version or as printed by taxpayers;
- taxpayers can benefit from this right throughout the entire period they remain registered for VAT purposes, without having to reconfirm it;
- the restriction setting out the minimum number of copies of these documents has been eliminated;
- it is no longer mandatory to indicate the series and/or the order number of these documents;
- appendices to (fiscal) invoices will be subject to the same rules as (fiscal) invoices.

Both Orders are applicable starting from 1 January 2016.

Read the full information in English and Romanian

KPMG Moldova

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG operates in more than 155 countries and has over 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. In Romania, KPMG was founded in 1994 and now operates from six offices, in Bucharest, Timisoara, Cluj Napoca, Iasi, Constanta and in Chisinau (the Republic of Moldova) since 1997. The practice has more than 800 staff, including 18 Partners, both Romanian and expatriates from the Canada, France, Israel, Sweden etc.