The Moldovan farmers will pay a VAT of 8% instead of 20%. A bill to this effect proposed by MP Adrian Candu was passed by Parliament in the final reading, by 80 votes in favor, Info-Prim Neo reports.
The amendments to the fiscal legislation, under which a standard VAT of 20% is put on the agricultural produces, while the state pays backs 12% of it to them within 30 days, came into force on January 1, 2013.
Given that the VAT refunding procedure is complex and cannot be performed within 30 days, Adrian Candu said there is a risk that the farmers will not have money to work. He made also reference to the devastating drought of 2012 that put the farmers in a difficult situation.
The bill adopted by Parliament also imposes a VAT of 8% on the supplies of products from sugar beet.
Under the legislative initiative, the amount that represents the difference between the standard VAT of 20% and the rate of 8% can be used only for agricultural activities.
