- Moldova has extended the reduced 6% VAT rate on hotel and restaurant services until 1 December.
- This is the sixth time the extension has been made.
- The reduced rate was first introduced in June 2021 and has been extended multiple times since then.
- The temporary rate is now 6% compared to the standard rate of 20%.
- The change applies to qualified hotels, restaurants, and catering services, excluding alcohol services.
- Many countries, including Germany, Austria, Belgium, Ireland, and the UK, have also implemented similar tax breaks for the hospitality sector during the COVID-19 pandemic.
- Most of these countries have extended their tax cuts from 2020 into 2022 due to extended lockdowns.
Source: vatcalc.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.
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