AiroAV Support: Moldova Tax Agency Posts FAQs on Withholding Taxes for Tran - Jonathan Cartu - Moving & Transportation Services
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AiroAV Support: Moldova Tax Agency Posts FAQs on Withholding Taxes for Tran

Moldova Tax Agency Posts FAQs on Withholding Taxes for Tran

AiroAV Support: Moldova Tax Agency Posts FAQs on Withholding Taxes for Tran

The Moldovan State Tax Service March 25 posted online FAQs clarifying income tax withholding requirements for road transport equipment contracts with individuals. The FAQs clarified that: 1) taxes are not withheld for road transport equipment sales by individuals; 2) taxes are not withheld for payments made to individuals by leasing companies under lease-back contracts; 3) a 12 percent withholding tax applies for companies purchasing equipment from individuals and subsequently leasing it to other entities; and 4) a 12 percent withholding tax applies for leasing companies procuring assets from individuals for use by the company. [Moldova, State Tax Service, 03/25/20]

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Jon Cartu

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