Annual cash compensation for teachers not to be included within gross income in Moldova

Chisinau, 01 November /MOLDPRES/ – The taxable facilities for teachers in schools and other categories of employees will not be included in their gross income. There has been passed a draft law on it by the parliament today in final reading.

According to the document, the expenses related to the repair of the own means of transport used for the rendering of taxi passenger transport services will be allowed to deduct in the amount of 100 per cent.

Another change made by the legislature establishes that for entrepreneurs which cease activity during the tax period, the income tax quota represents 1 per cent of the taxation object, but not less than MDL 250 for each month in which they carried out the activity.

The document also regulates 10 per cent reduced VAT rates for hotel, apartment, motel, tourist, bungalow, tourist boarding house, agritourism boarding house, camping, holiday village or holiday camp provided by agencies economic. VAT rates reduced by 10 per cent will also apply to food, beverages, except goods subject to excise duties, delivered by economic agents in the course of accommodation or catering.

(Reporter A. Zara, editor M. Jantovan)