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Moldova Relaxes Documentation Requirement for Deductible Business Expenses — Orbitax Tax News & Alerts

Moldova has published Law No. 145 of 2 June 2022 in the Official Gazette, which relaxes the documentation requirements for deductible business expenses. Under general rules, the deductibility of expenses not supported by documentation is generally limited to 0.2% of taxable income. As per Law No. 145, the general rules are supplemented to provide that this limitation does not apply for expenses not supported by documentation if incurred as ordinary and necessary expenses for a company's business activities and paid for using a business credit (payment) card. Law No. 145 entered into force on 17 June 2022.