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Moldova Relaxing Documentation Requirement for Deductible Business Expenses

|Proposed Changes|Moldova
Moldova

The Moldovan parliament is considering a draft law submitted on 18 May 2022 that would relax the documentation requirements for deductible business expenses. Under current rules, the deductibility of expenses not supported by documentation is generally limited to 0.2% of taxable income. Under the draft law, this limitation would 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…

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