OREANDA-NEWS. December 08, 2009. It stipulates the increase in excise-duties for beer, cigarettes, petrol, luxury cars, perfumery, jewelry and other goods. According to the Minister of Finance Veaceslav Negruta, under the amendments to the legislation in force, in particular, excise-duties for beer are to be increased by 25 percent, for filter-tipped cigarettes – four times (ad-value part), petrol and its derivatives – by 50 percent, luxury cars – twice.

Excise-duties for perfumery and toilet water, jewelry will be increased thrice, and excise duties for crystal will be introduced in the amount of 55 percent. Also, the amount of excise-duties for wine production, strong and low-alcohol drinks, electrotechnology will be indexed given the inflation rate (by 3.1 percent). All these measures will result in the growth of budget receipts. The amendments stipulate the increase from 10 to 18 percent of the rate of the tax on income from wins in gaming by individuals.

To support individuals or legal entities having bank deposits or corporate securities, the delay of taxation of incomes earned by them as interests from deposits and securities was proposed to be extended by 5 years. It is stipulated to introduce the reduced VAT rate in the amount of 8 percent for agricultural raw materials instead of the standard VAT rate of 20 percent, enabling to create a favorable climate for the further development of agricultural production.

At the same time it is proposed to increase from 5 to percent the reduced VAT rate for natural and liquefied gas imported and sold in the country, allowing to raise budget revenues. The Ministry of Finance also suggested introducing excise duties on excisable goods purchased on the basis of international leasing contracts along with the VAT payment and customs duties from payments of leasing rates.

However, at the Deputy Prime Minister, Minister of Economy Valerii Lazar’s suggestion, this suggestion will be examined additionally on Monday before signing of the bill for the innovation not to have a negative impact on the leasing companies’ activity.