Independent entrepreneurs will be assigned a unique fiscal code which will be reflected on cash receipts issued by them. It will be different from the taxpayer’s personal code (IDNP).
The VAT rate applicable to the HoReCa sector during the state of emergency declared by Parliament on Tuesday will not change.
The procedure for the operation of tax checkpoints will be adjusted. The authorities intend to improve the legal framework in this respect, taking into account the proposals of taxpayers.
Companies have received protection from blocking of bank accounts and forced collection of funds in cases when debts are formed due to unfulfilled obligations of state institutions. The corresponding norm is included in the package of legislative amendments finally approved by the Parliament on Thursday, March 26.
UPDATED. The creation of the Convergence Fund was faced with inconsistency of tax systems: on the right bank of the Nistru River there is VAT, while on the left bank there is turnover tax. This complicates the unification of tax rules. But the authorities are ready to work in a “very friendly manner” to gradually implement unified rules and ensure equal conditions for business on both banks of the Nistru River.
Cashier’s checks issued by individuals engaged in independent trade activities will no longer contain an identification number, first name, last name, and address.
Latvia has approved a bill to reduce excise duty on diesel fuel by 15%. This will reduce the price by 8.6 cents per liter, including VAT. In addition, excise duty will be reduced on diesel fuel for farmers, which will reduce its price by 5.9 cents per liter.
The Government is “against” the introduction of exemption from real estate tax on the purchase of a first home. At the same time, the Cabinet of Ministers is “in favor” of reintroducing the maximum rates for this tax.
Until April 30, 2026 individuals-citizens must file income tax returns for 2025. The State Tax Service reminds about this, emphasizing that it refers to individuals who do not carry out entrepreneurial activities.
Property owners can check and challenge the valuation of their house or apartment until April 30 this year, using the online platform geodata.gov.md.
