Moldova’s government approved the return of a 8% VAT rate for agricultural products
2013-11-25 10:09:13
In Moldova, the Cabinet of Ministers positively assessed a bill reducing the value-added tax on agricultural products from 20% to 8%.
The lawmakers grounded the necessity of returning to 8% by demands of agricultural sector employees, who consider the mechanism of refunding VAT at the standard 20% rate as non-functional. In their opinion, the transition to the standard rate of 20% from January 1, 2013 made national goods less competitive.
The bill has already been passed to Parliament for voting and may come into force from January 1, 2014.