The penalty (delay rise) for the late payment of taxes into the state budget and the local budgets this year will represent 0.0683% of the overdue sum for each day of delay, IPN reports, quoting the State Main Tax Inspectorate.
Under Article 228 of the Tax Code, the delay rise is a sum determined based on the size of taxes and the period of delay, no matter whether the taxes were calculated on time or not. The fiscal body or other competent bodies are obliged to impose this penalty, regardless of the form of constraint.
The size of the penalty is determined annually based on the base rate set by the National Bank of Moldova on short-term monetary policy operations last November (19.5%). Five points are added to it and the figure is divided by the number of days of the year. The figure is approximated according to the mathematic rules up to 4 digits after the comma.
The delay rise represents a part of the tax and is levied in accordance with the taxation rules.
