OREANDA-NEWS. January 18, 2012. The document provides the return of the flat rate of the tax on income at a size of 12% for legal entities, 7%-18% for sole proprietors and 7% for farm households. All previous general and partial fiscal privileges have been cancelled with the exception of those guaranteed for a definite term to free economic zones, of rate of interests on bank deposits and on corporate stocks.

A flat simplified tax for a small-sized business has been introduced at 3% of incomes received as the result of operating activities. The fiscal policy for 2012 stipulates the rise in excises on mineral oil products and cars adjusted to the inflation rate predicted for 2012 and the change in structure and sizes of excises on tobacco and alcohol products.

At the same time, excises have been repealed on wines and a wine-processing, crystal, web cameras and TV sets. VAT on sugar is stipulated to remain at 8%, and new excises on liquefied gas and black oil are to be introduced. One of the most important innovations stipulates the introduction of indirect methods appraising taxed incomes of individuals – non-businessmen, whose annual expenses have exceeded 300 thousand leis per year or whose property has grown by over 1 mln. leis within a year.

Besides, detached private houses, land lots and constructions located on them in villages an communes of the municipalities of Chisinau and Balti are to be taxed on the basis of their market.