- Parliament approved the reverse charge mechanism for VAT in Moldova.
- New VAT reverse charge mechanism introduced for electricity and natural gas.
- Both buyers and sellers must be registered VAT payers.
- VAT calculated and recorded by the buyer, not included on the seller’s invoice.
- Provision regulates reverse charge for transactions between VAT-registered entities.
- Traders must submit declarations confirming compliance.
- Buyers failing to apply the reverse charge correctly may lose VAT deduction rights.
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.
