- The Moldovan State Tax Service announced a VAT reduction of 6 percent for the HORECA sector effective Dec. 16
- This VAT cut is in response to a state of emergency due to energy shortages
- The reduced VAT rate will be in effect from Dec. 16, 2024, to Feb. 13, 2025
- The VAT reduction covers food and beverages except alcoholic products and includes both prepared and unprepared items for immediate consumption as well as accommodation services
- Affected services include hotels, motels, tourist villas, guesthouses, and campsites
- Businesses must update their cash registers and control equipment to reflect the new VAT rate
- Until updates are made, businesses should manually adjust the VAT amount in their records
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
