Moldova’s State Tax Service recently issued a clarification concerning the late payment penalty and interest rate for 2022. The clarification includes that the penalty for late tax payment is charged for each day of delay beginning from the day following the due date up to the date of payment. The penalty rate for a particular year is equal to the base rate set by the National Bank of Moldova (NBM) for short-term monetary policy operations in November of the previous year, rounded up to the nearest full percentage and increased by 5%. Considering the NBM base rate of 5.5%, rounded up and increased by 5%, the rate for 2022 is 11.0% or 0.0301% per day.
Source Orbitax
