INFORMATION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of January 14, 2016 No. 14/3-07/7

About the correct application of some provisions of the Tax code as a result of the made changes by the Law No. 71 of 12.04.2015.

Proceeding from the changes made to the Tax code No. 1163-XIII of 24.04.1997 by means of the Law on modification and amendments in some legal acts No. 71 of 12.04.2015. (The official monitor of the Republic of Moldova, No. 102-104/170 from 28.04.2015), the Ministry of Finance represents note and to management to daily activities the following.

I. The law on modification and amendments in some legal acts No. 71 of 12.04.2015 since 1.05.2015 in the Tax code No. 1163-XIII of 24.04.1997 changed and brought new provisions on deduction of the expenses for the purpose of the taxation connected with business activity namely:

- deduction of depreciation and maintenance costs, functioning and repair of the cars used by persons specified in compound groups 112 and 121 of the Qualifier of occupations of the Republic of Moldova;

- deduction of the annual expenses incurred by the employer on fees of supplementary medical insurance of the employee;

- deduction of discounts for losses on assets and contingent obligations;

- deduction of any donations made by it within tax year on the charitable purposes and sponsorship.

Also the Law No. 71 of 12.04.2015 since 1.05.2015 in the Tax code brought limit on VAT amount, paid or subject to payment on maintenance, operation and repair of the vehicles used by persons specified in compound groups 112 and 121 of the Qualifier of occupations of the Republic of Moldova.

At the same time according to the Tax code:

- the tax procedure is applied in time and in the place of application if the law does not provide other (h (4-1) Art. 3);

- the tax period on the income tax is understood as calendar year upon termination of which the taxable income is determined and the tax amount which is subject to payment is estimated (h. (1) Art. 12-1);

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