Moldova has proposed recategorising the VAT rate on hotel and restaurant services from the standard 20% rate to the reduced rate of 10%. The new rate will apply form October 2018. Tourism tax subsidy Few countries in the EU charge full VAT on such hospitality services. Countries such as Ireland and Germany have long provided …
Moldova has increased the threshold above which businesses must register for VAT. The businesses must then charge and remit VAT at 20%. For 2018, the new annual threshold will be MDL 1.2 million – previously MDL 0.6 million.
Moldova is consulting on a range of VAT reforms which will bring it further into line with the EU VAT regime. Proposals include: Changes to the rules on place of supply and tax point Allowance for deductions on invoices received after the reporting period of supply without the requirement for a corrective return VAT deductions …
