Simplified tax regime for agricultural produce collectors

The Cabinet of Ministers has endorsed a legislative initiative that provides for the establishment of a simplified tax regime for collectors of agricultural products, especially nuts and fruits, IPN reports.

The Minister of Finance, Natalia Gavrilița, has stated that the legislative initiative aims at addressing the problems detected in the procurement of agricultural products by establishing clear rules for individuals collecting agricultural produce and objects of the vegetable kingdom on the territory of the Republic of Moldova.

"Thus, a natural person, a collector, will register with the State Tax Service, will pay the social and medical insurance contributions, which will entitle him to work based on a simplified tax regime, by keeping the records of purchases only in a register ", said Natalia Gavrilița.

The minister has also mentioned the draft law stipulates that the payment of the tax will be made by withholding it at the source of payment from the economic agent who received the products from the collector, with the drawing up of the purchase order. "Therefore, this regime will in fact facilitate the purchase of agricultural products and will boost the export of nuts and other objects of the vegetable kingdom," emphasized Natalia Gavrilița.

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