The Government in several days will approve a bill that contains measures that will be taken to support the business sector, the Ministry of Finance said in a press release that is quoted by IPN. A moratorium will be imposed on all the state inspections during the state of emergency. In this period, fiscal, financial inspections and inspections to determine the quality of products/services, technological parameters and/or specific requirements for the performed activity and inspections to see if the labor protection norms are respected will not be carried out.
It is also proposed annulling the obligation to perform a mandatory audit of the individual financial situations for 2019 for small and medium-sized enterprises.
Also, the payment of the income tax on entrepreneurial activity for the first quarter of 2020 will be made by June 25. The declaration and payment of the income tax for 2019 by individual entrepreneurs or peasant farmsteads that are not VAT payers and have by at most three salary earners and by business entities that form part of the SME sector will be possible by April 25, 2020.
The period for examining cases of violation of the fiscal and customs legislation or for examining fiscal and customs challenges submitted during the period of the state of emergency will be extended by 30 days.
At the same time, as of May 1, the VAT will be reduced from 20% to 15% for the hospitality industry.
The Ministry of Finance’s Mass Media Service said the Common Call Center of the State Tax Service will respond to any question of business entities concerning their activity during the state of emergency.
A state of emergency for 60 days was declared in Moldova as of March 17.
