EXPLANATIONS OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of February 3, 1995 No. 09-6-02-6

Separate explanations on taxation of the imported tovaro-material values

Due to arisen in practical work of the Chisinau customs as questions on taxation on value added and excises of the imported inventory items the Ministry of Finance explains the following. Those imported inventory items which are not assessed with this tax according to the Law of the Republic of Moldova are not involved in taxation on value added and excises only: - "About the value added tax" of 08.11.94 N 264-XIII - "About the government budget for 1995" of 22.12.94 N 342 - "About excises" of 27.12.94 N 347-XIII.

Therefore, the imported inventory items listed in the letter of the Chisinau customs:

- the property imported by foreign investors on account of the authorized capital of the company;

- the objects inherited;

- the help, donations and other - irrespective of the purpose, purpose and who appears; - materials for sampling, experiments and researches;

- samples, promotional, documentary and printed materials;

- the goods imported into the account of the different credits are subject to taxation on value added in accordance with general practice, under condition if these inventory items are not exempted from taxation according to the called Laws.

So for example, if the property imported by the foreign investor is the equipment, raw materials, component parts, then according to letter "from" the article 5 "Tax exemption" of the Law "About the Value Added Tax" these goods are not assessed with the value added tax. If the specified goods are included into the list of excise goods, then the issue of not taxation is resolved similarly, i.e. according to the article 5 "Privileges on Excises" of the Law "About Excises".

Similarly rather other listed deliveries - the question of taxation or not taxation is solved according to requirements of the called Laws.

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