Moldova will overhaul its excise duty system entirely, but the new rules will take effect only after the country joins the European Union. The Government has approved a draft law to entirely rewrite Title IV of the Fiscal Code as part of efforts to align with EU legislation, IPN reports.
Authorities introduced new rules for excisable products—including alcohol, tobacco products, and fuels. Changes include excise exemptions in cases such as accidental product loss, the use of denatured alcohol for technical or industrial purposes, and the use of certain goods in research or medicine.
The draft also provides for the total digitalization of excise-related procedures. Authorities will manage all authorizations, reports, and excisable goods tracking online, reducing direct contact with taxpayers.
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The Ministry of Finance noted that the new rules will take effect only after Moldova becomes part of the European Union. However, businesses and institutions can begin preparations now to ensure a smooth transition and avoid potential challenges later.