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Simplified tax regime for collectors of agricultural products in force


https://www.ipn.md/index.php/en/simplified-tax-regime-for-collectors-of-agricultural-products-in-force-7966_1070653.html

The simplified tax regime for the collectors of agricultural products, especially fruit and walnuts, took effect on January 1, 2020. This is a special tax regime for registration and work intended for private individuals who want to purchase agricultural products from people and sell them later to business entities, IPN reports.

In the January 3 meeting of the Cabinet, Deputy Prime Minister Sergey Pușcuța, Minister of Finance, said that in accordance with the changes that came into force on January 1, any citizen can perform such activities after registering them with the State Tax Service under a simplified regime.

According to him, a simplified method of documenting transactions for buying agricultural products, for calculating and paying taxes into the budget is used in this case. The tax represents 5% of the value of the bought agricultural products that will be later sold to business entities.

Sergey Pușcuța noted they propose simplifying the purchase document so that this represents a summary slip (bordereau), not a separate document for each acquisition operation. “This summary slip can include hundreds of positions, depending on how many purchases are made by the collector. We also suggest that this slip should specify the condition that the collectors should declare on their own responsibility the geographical area where the products were bought,” he stated.