The provisions of the new law establish the conditions of exemption from VAT, excise duties and customs duties for bicycles, private motor vehicles and their trailers, camping trailers, pleasure boats, private airplanes, as well as riding horses temporarily imported to Moldova from EU Member States. The exemption will also apply to relevant spare parts, accessories and equipment.
When exemptions will not apply
The exemption will not apply to vehicles intended for the transportation of citizens (more than nine persons, including the driver). As well as any vehicle intended for commercial use.
As for the period of validity of the exemption, the draft provides for a period not exceeding 6 months within a year, subject to the cumulative compliance with several requirements. The person temporarily importing a vehicle must have the status of permanent residence in the EU, use it only for personal use and not for economic or professional activity in Moldova. At the same time, the vehicle cannot be donated or leased to a resident of the Republic of Moldova, as well as provided to third parties in Moldova for commercial or economic purposes.
A separate article regulates the exemption from taxes on the temporary import of riding horses for horseback riding. According to the norm, the exemption is established for 3 months.
The application for exemption from duties must be submitted no later than the date of entry into Moldova.
