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Moldova's news
The maximum turnover of the companies for their obligatory registration as VAT payers was increased from 300 thousand to 600 thousand leis
At the same time, the upper limit for the voluntary registration of the companies as VAT payers was reduced from 100 thousand to 50 thousand leis. This is stipulated by the amendments to the Tax Code, approved by the Parliament on the initiative of the deputy – Valeriu Guma in order to improve the tax administration, business climate, to create more employment opportunities and to attract the investment. The amendments were filed by popular demands of small and medium-sized enterprises.
The Law stipulates the taxpayers will be registered on a voluntary basis as VAT payers if, over the period of 12 months, they make deliveries of goods and services for the amount exceeding 50 thousand leis, excluding the VAT-exempted deliveries. In case of exceeding the amount of deliveries over 600 thousand leis they are bound to register as VAT payers. According to Valeriu Guma, the approval of amendments is necessary because of impossibility of non-VAT payer SMEs to sell their goods to VAT taxpayers because the latter won’t receive the VAT and therefore don’t want to develop the economic relations with them.
At the same time, the SMEs, delivering the goods and services to the population, don’t want to register as VAT payers. Moreover, they evade issuing of sales receipts in order to not exceed the upper limit of turnover, stipulated by the law, keeping the double-entry. According to Veaceslav Ionita, Parliamentary Commission on Economic, Budget and Finance Chairman, both the state and the economic agents will benefit from the approved amendments.
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Moldova's news - Economics
Saturday, 11 february, 2012
Friday, 10 february, 2012
- 10.02 16:54 January, 2012, Moldova has imported from Ukraine 62,9 mln. kwh, which is 45 times more as in January, 2011(1,4 mln. kwh.)
- 15:04 Moldova reports 3.69-per-cent decrease in Russian gas price in first quarter of 2012
- 15:04 European Business Association to participate in implementation, monitoring of Moldovan government's policies
- 9:54 Starting from July, 1, 2012, economic agents have to register tax invoices in the general electronic register
Thursday, 9 february, 2012
- 09.02 16:21 Moldovan firms to be obliged to inform about transactions worth over 100,000 lei
- 16:20 Producers of cigarettes have to present to the government the information about the quantity of cigarettes produced (by brands) and about the volume of the sales
- 16:19 The National Agency on Food Safety is established in Moldova
Wednesday, 8 february, 2012
- 08.02 16:21 Experts say first signs of economic recovery felt in Moldova
- 15:36 In 2011 the EBRD has launched 8 projects in Moldova valued at 69 mln euros in total
- 9:31 GDP growth in Moldova will slow down from 6% to 3,5% in 2012, - Valeriu Lazar
Tuesday, 7 february, 2012
- 07.02 17:09 Moldovan Interior Ministry approves strategic development programme, action plan for 2012-2014
- 16:25 The first round of the talks on the deep and comprehensive free trade agreement between RM and EU is to be held in Chisinau on March 19-23, 2012
- 13:43 Quality of Moldovan wines stabilized – Rospotrebnadzor
- 13:43 WB appoints new country director for Ukraine, Belarus and Moldova
Monday, 6 february, 2012
- 06.02 16:08 In 2011 the external state debt of Moldova increased by $26,3 mln.
- 16:08 Remittances from abroad made in favor of individuals via banks grew by 16,9% ($209,65 mln.), to $1 bln. 453,79 mln. in Moldova
- 15:25 "Termocom" are banii, dar nu-i poate plăti creditorilor
Saturday, 4 february, 2012
Friday, 3 february, 2012
- 03.02 16:16 Ukraine calls on Moldova to stop hampering Ukrainian carriers delivering cargoes to Transnistria
- 16:16 The resolution of the National Bank of Moldova to reduce the basis rate of refinancing by 2 p.p. from 8,5% to 6,5% comes into effect
Thursday, 2 february, 2012
- 02.02 16:34 The inflation forecast for 2012 by the National Bank of Moldova remains does not exceed the limits of 1 figure
- 12:27 IMF management board approves 77-million-dollar instalment for Moldova
Wednesday, 1 february, 2012
- 01.02 15:55 Transnistrian government will pay special attention to agri-industrial sector development
- 15:22 Leakages in heating system are inevitable, Termocom
- 15:20 Moldova reports 11-per-cent increase in gas consumption because of frost
- 15:19 Moldova earns 118 million lei from privatization in 2011
Tuesday, 31 january, 2012
- 31.01 20:54 10 thousand tones of wheat are planned to be purchased in the state reserve of Moldova in 2012., - Vasile Bumacov
- 20:53 In 2012 the flat rate of excises on cigarettes has doubled in Moldova
- 16:04 Moldova earns 118 million lei from privatization in 2011
Monday, 30 january, 2012
- 30.01 16:13 The companies of Moldova whose annual turnover has exceeded 2 mln. leis have to install POS-terminals
- 16:12 Administrative board of the Fund on attracting investment and promoting export has adopted the plan of the actions to be backed by the fund in 2012
- 14:26 Both residents and non-residents will pay 6% dividend tax
Friday, 27 january, 2012
- 27.01 16:45 The state budget revenue of Moldova made up 18 bln. 637,8 mln. leis ($1,58 bln.) in 2011, 8,6% (1470,1 mln. leis) up as compared with 2010
- 10:18 86 trade marks are participating in "Trade Mark 2011", a competition
Thursday, 26 january, 2012
- 26.01 16:42 Moldovan agricultural production up by 4.6 per cent in 2011
- 16:41 National Bank of Moldova forecasts lower inflation rate in 2012
- 15:31 The share of non-performing loans in the banking system of Moldova made up 10,66% as of the end of December, 2,67 p.p. down within the year
- 15:30 Moldova sees limitations for backing producers of agricultural products in 2012, - Vasile Bumacov
- 15:18 Agriculture Ministry will not leave farm lands abandoned – Vasile Bumacov
- 9:39 City hall of Chisinau has approved the agreement with EBRD providing co-financing of the project on modernization of high streets of Chisinau appraised at 22 mln. euro
- 9:38 The Government of Moldova has approved the order of using means of the fund for subsidiaries to agricultural producers
Wednesday, 25 january, 2012
- 25.01 16:48 The resolution to allot the next installation of the IMF loan to Moldova can be adopted at the sitting of the board of directors of the fund to be held on February, 1
- 15:27 Gaz transit through Moldova up by 18 per cent in 2011
- 14:00 Law on Moldova state budget 2012 comes into effect today
- 13:31 Carriers demand increasing fares by 10% now and another 10% in summer
- 10:28 Marculesti-Soroca, a railway branch, is planned to be constructed in Moldova. It will pass round Transnistria and make the path to Ukraine 235 km. shorter
- 10:27 EBRD has lowered the forecast in growth of GDP of Moldova for 2012 by 0,5 p.p from 4% to 3,5%
Tuesday, 24 january, 2012
Monday, 23 january, 2012
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