The period during which the VAT for economic entities using the e-Invoice system will be refunded will be reduced from 30 days to 10 days. There will also be eliminated the chamber fiscal inspection. The new regulations are to be presented to the Government for approved by May 15, IPN reports, quoting an informative note of the Premier’s Economic Council.

According to the note, the Tax Inspectorate can see all the information about the invoices issued and signed through the e-Invoice system in real time and in a centralized way. Given the free access to fiscal information in electronic format, there is no need to carry out chamber fiscal inspections.

In Moldova there are now about 25,000 VAT payers, 4,300 of which use the e-Invoice system.

Currently, the VAT is refunded within 30 days of the submission of the application. Of this period, 12 days go on the chamber fiscal inspection and the adoption of the VAT refund decision, while the other 18 days are used to effectively refund the VAT.