The amendments will be included in the Tax, Customs, Civil, Administrative Codes and other legislative acts. As explained in the ministry, these are adjustments of the first necessity, which improve the legal framework of taxation and should be adopted in the first place. Since the current parliament has just over a month to work, the amendments should be considered as a matter of urgency.
Thus, another income tax relief for employers is proposed. Similar to food stamps, they will be able to give company employees vacation vouchers once a year in the amount of up to 50% of the average projected salary in the economy. The employee will be able to take a vacation in a Moldovan boarding house or vacation home for these funds. The authors of the bill hope that this will also support domestic tourism.
At the same time, the document notes that with the expansion of the range of deductible expenses, the employer has the right within the company to provide both season tickets for sports and reimbursement of living expenses in Moldovan tourist facilities. Therefore, it should choose only one type of expenses to be deductible.
In addition, it is proposed to allow the deduction of expenses incurred by the employer for the organization of alternative childcare services for children under 3 years of age. The amount of the deduction of these expenses is set within the limits of MDL 2,500 for each child.
The document also provides for the abolition of taxation of income of non-resident individuals, received in the form of interest or capital gains on state securities issued in Moldova. The amendment is aimed at equalizing the taxation of incomes of resident and non-resident individuals.
In addition, it is aimed at attracting investments in state securities and increasing liquidity on the Moldovan financial market.
