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Tax returns will include medical and hotel services, owed crytocurrency


https://www.ipn.md/index.php/en/tax-returns-will-include-medical-and-hotel-services-owed-crytocurrency-7967_1086067.html

The National Integrity Authority (NIA) announced the start of public consultations on the reviewed draft of the regulations concerning the filling out of the personal interests and income tax returns in electronic form for informing the stakeholders and receiving recommendations from them. Among others, as the amendments to the regulations provide, the subjects will have to declare the money spent on vacationing, study or medical services, IPN reports, quoting a press release of NIA.

In accordance with the provisions put up for consultations, the declaration subjects will also have to declare procured services, such as medical services (dental, plastic, general surgery etc.), tourist services, plane tickets, recreational services, residential/communal/non-communal services, costs for revamping or repairing tangible and intangible property, fees paid at school, lyceum, university, rental and transport services, electronic nonbank financial assets, including crytocurrency, applications and other virtual derivatives of information technology.

The declared procured services will include the services acquired in the period of the declaring by the declaration subject and the members of his/her family or partner in the country or abroad, whose cumulative value during a year exceeds ten average official monthly salaries.

Also, the family members and partner of the declaration subject will be obliged to provide this with information about the personal property, incomes and interests, including as effective beneficiaries, except for the cases when their identity and capacity is a state secret, as the law on the state secret stipulates, or when the presentation of such information is restricted by law.

The deadline for submitting recommendations is December 15, 2021 inclusive.