Moldova cuts VAT on hospitality and accommodation
- Jun 4, 2021
The East European state of Moldova has reduced the Value Added Tax rate on hotel, restaurant and hospitality services from 12% to 6%.
The cut reflects the early-stage re-opening of the tourism sector and its need for sustained economic support following the COVID-19 lockdowns. These supplies were originally subject to the standard VAT rate of 20% prior to the start of the pandemic.
Many other countries have been providing targeted support to hard-hit sectors. This has included: UK; Ireland; Germany; Belgium; Austria; and many others around the world. As lockdowns have been rolled over, these tax breaks have been extended too.
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VAT rallies to the COVID-19 business challenge
This article is taken from our new guide which explains the measures business needs to take to capitalise on the liquidity prospects available in the COVID pandemic... how tax automation can help in this respect... and what might be coming next.
