The declaration can be submitted, as before, in several ways. First, through the “Electronic Declaration” service. This service allows you to view, change and submit an income declaration in advance by logging into the taxpayer’s personal cabinet on the portal www.sfs.md. To file an income tax return online, a mobile or electronic signature is required.
It is easy to get a signature, although it is not free. But a mobile one is recommended, which is more convenient, cheaper and can be used several times. Or use Mobi Sign, a free government signature connected through a mobile app. It is less reasonable to buy an electronic signature on a flash drive if you don’t use it all the time.
It is still possible to declare income on paper at any subdivision of the State Tax Service, regardless of the place of residence or stay. To do this, you need to request a pre-filled version of the declaration on the basis of your ID card or submit the so-called “Quick Declaration”. The completed form can also be sent by registered mail through the post office by downloading it from the website of the State Tax Service.
Usually the most questions when declaring and calculating income tax arise when calculating the amount of capital gains. In the 2024 tax period, it is equal to 50% of the excess of capital gains over capital losses and is subject to income tax at the rate of 12%, as in previous years.
According to the legislation, capital assets include stocks, bonds, other property used in entrepreneurial activity, as well as property of individuals not used in entrepreneurial activity and the option to buy or sell capital assets.
Gain or loss on sale, exchange or other disposal of capital assets is calculated as the difference between the income received and their cost base. In turn, the cost base of capital assets is the expenses incurred in their acquisition or creation. They must be documented in accordance with the procedure established by Article 42 of the Tax Code.
Recall that capital gains are not recognized in cases of divorce in the redistribution of property between spouses, a gift agreement between first-degree relatives and spouses. And also in the case of alienation of the main dwelling, which was owned by the taxpayer for at least 3 years and was his residence. Or in the case of alienation of an automobile that was also owned by the citizen for at least 3 years, except for collector cars of historical or ethnographic interest.
Experts emphasize that these data are important, because the tax authorities do not have them, so they do not include them in the preliminary declaration.
