The Ministry of Finance aims to identify a solution for applying a common tax in agriculture within a working group that will includes farmers, IPN reports.
Dorel Noroc, secretary of state at the Ministry of Finance, said VAT rates of 8% to 20% are applied at present. The tax rate of 8% causes the biggest problems. As this tax rate is applied to a wide range of products, the budget losses are big.
In a program on Radio Sputnik Moldova, Dorel Noroc said letters will be sent to farmers association, asking these to delegate representatives to work on the group that will analyze aspects of VAT in agriculture. This remains a priority for the first half of next year, when particular proposals will be formulated.
The official also said that a formula will be agreed to ensure a budgetary balance and to support the farmers and this formula could be implemented earlier than January 1, 2021.
