Most taxpayers will file income statements in the last week

Only 33% of companies and individuals in Chisinau municipality due to pay income taxes submitted the necessary documents, as of March 26. Thus, specialists expect that during the next few days, a significant inflow of taxpayers will come to the territorial tax offices. Till March 26, the tax offices from the municipality of Chisinau received over 10 thousand income statements from individuals and over 11 thousand statements from legal persons. Individuals submitted by almost one thousand statements more, and the legal persons – by over 800 statements more compared with the same period last year. Head of the Chisinau Tax Inspectorate Procopie Duca told Info-Prim Neo that since 1999 when the Tax Code came into force, more taxpayers are providing financial reports every year, but many of them leave this task for the last days. The huge queues trouble both the taxpayers and inspectors who can not verify properly the provided information, and as a consequence many taxpayers are called additionally to adjust their income statements. Also, Duca says that the inspectorate has levers to find those who did not filed the statements. In 2004, supplementary taxes of MDL 4.7 mln were calculated by the Tax Inspectorate from individuals alone, and in 2005 – MDL 3.6 mln. [Deadline extended until April 1 and 2] Namely because many taxpayers are used to file tax statements in the last days, the deadline for submitting the documents was extended until April 1 and 2. In light of the fact that the individuals have to present about 30 thousand statements, many inspections were cancelled in order handle the statements. The tax offices of the municipality of Chisinau work from 08.00 to 17.00. The persons who have other income sources than the salary which exceeds the sum of personal exemption worth MDL 4500 have to present statements for the income obtained in 2006. Also the persons obliged to present the statements are the individuals who had a taxable income of more that MDL 21 thousand per year, excepting the persons who obtained this income as salary at a single job; the person who obtained income both from salary and other sources, the total sum of which exceeds MDL 21 thousand; the persons who change their residence to other countries. Also, the statements must be submitted by the legal persons, residents with statute of individual persons (individual entrepreneur), as well as the persons who administrate the property of a deceased person. Households (belonging to farmers) which did not have employees and did not have a taxable income during the tax period are no obliged to file income statements. Citizens have the right to submit claims for refund in case they did not fully use their personal exemptions, paid a higher income tax, that is in cases when the overtaxed sum has to be paid back by the State. When determining the income tax for individuals, according to the article 15 of the Tax Code, the following taxes are established: for individuals, including peasant households and individual entrepreneurs – 8% from the annually taxable income tax which exceeds MDL 16200; 13% from the annually income tax which does not exceed the sum of MDL 21 thousand; 20% of the annually taxable income which exceeds MDL 21 thousand. The value of the income tax which must be paid is diminished on the account of the personal exemption of MDL 4500 per year, supplementary exemption of MDL 4500 for the persons who are married, on the condition that the husband (wife) does not benefit from the personal exemption. Also, exemptions of MDL 840 will be applied in the case of maintained persons, excepting the persons disabled since childhood for whom the exemption is MDL 4500 per year. Also, there are exemptions of MDL 1000 for several categories of persons stipulated in the article 33(2) of the Tax Code. If the statement is not presented or the taxable sum is not paid, financial sanctions and penalties will be applied according to the Tax Code and the Code on Administrative Offences. Procopie Duca says that the financial sanction for not presenting the statement constitutes 2% every month, and the penalty reaches 24-25% annually. The total sum of penalties and sums for one year amounts to about 50% of the taxable sum if the statement is not presented or the tax is not paid in due time. In other words, if a tax of MDL 100 is not paid, one has to pay additional MDL 50. The Chisinau Tax Inspectorate has calculated fines and penalties of MDL 1.5 mln for the individual persons in 2004, and MDL 1.17 – in 2005.