Finance Ministry Plans VAT Refund Reform, Raising Limit to 50%

• The Ministry of Finance plans to merge the VAT refund and compensation applications into one standard form to reduce bureaucracy and speed up processing.
• The draft amendments would raise the VAT refund limit under Article 1016 of the Tax Code from 20% to 50% for eligible taxpayers using e-Factura or connected cash registers.
• It would also adjust audit rules, allowing thematic VAT refund audits at least once a year for large enterprises and once every two years for others.
• The proposal removes a current restriction that blocks simplified VAT refunds if a prior audit found liabilities above 1% of audited supply value.
• Overall, the business community supports the changes, especially the higher refund limit, though implementation details remain a concern.

Source: logos-pres.md

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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