The excise regime in Moldova will be completely modified, but the new rules will only come into effect after the country’s accession to the European Union. The government has approved the bill for the complete rewriting of Title IV of the Fiscal Code, part of the efforts to align with European legislation, reports IPN.
According to the authorities, the project establishes new rules for excisable goods – alcohol, tobacco products, and fuels. Among the changes are the introduction of excise exemptions in situations such as accidental losses of products, the use of denatured alcohol for technical or industrial purposes, and the use of certain products in research or medicine.
The document also provides for the complete digitalization of procedures related to excise duties. All permits, reports, and monitoring of the movement of excisable goods will be done online, and direct interaction between taxpayers and authorities will be reduced.
The Ministry of Finance clarifies that, although the new rules will apply after Moldova’s accession to the EU, entrepreneurs and involved institutions can start preparations to avoid transition difficulties.
