logo

“For Moldova” suggests reducing VAT rate for hospitality industry


https://www.ipn.md/en/for-moldova-suggests-reducing-vat-rate-for-hospitality-industry-7965_1079425.html

The MPs of the parliamentary platform “For Moldova”, which includes the MPs of the Shor Party, suggest reducing the VAT rate for the hospitality industry from 12% to 6% during the state of emergency or the state of public health emergency. A legislative proposal to this effect will be registered the next few days. The announcement was made after the MPs had discussions with representatives of the National Association of Restaurants and Recreational Facilities of the Republic of Moldova (MĂR) and representatives of large companies working in the hospitality industry, IPN reports.

In a press release, the Shor Party says the MPs who come up with such an initiative consider that the state did practically nothing to support the hospitality industry during the pandemic even if this sector contributes substantially to the state budget and is the largest supplier of jobs in the country. “We consider this proposal is well-founded and correct in the context of the anti-COVID-19 measures,” said MP of the Shor Party Vadim Fotescu, noting the VAT rate for the hospitality industry in Romania was 5% even before the pandemic.

The MPs also said that they will request the National Extraordinary Public Health Commission to review some of the restrictions imposed on the hospitality industry and to lift the restriction on activity during nocturnal and maternal hours. They believe the given restrictions discriminate against the companies of the hospitality industry.