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Taxes are the obligatory payments collected by the state on the basis of law from juridical
and physical persons -enterprises, organizations, citizens - for satisfaction of social necessities.
The states tax adjusting of profits basic task is concentration in the hands of the state and local
budgets of monetary resources necessary for the decision of problems of social, economic, scientific
and technical development that appear during the life of people, state and industries in a whole.
Public purpose of taxes is showed in their functions. They are two -fiscal and economic.
The fiscal consists of forming of money profits of the state. Money is used for maintenance of state
machine, army, development of science and technique, for maintenance of all layers of population,
defense of environment. Part of money goes to education, health protection.
The economic function of taxes consists in influence through taxes on all processes in the economy
of country, and also socio-economic processes in society. Taxes from this point of view can play an
encouraging (grant or tax deductions), restrictive (increase of tax rates) and supervisory role.
The functions of taxes are correlated - realization of fiscal function provides material basis for
realization of economic role of the state, i.e. to the economic function.
For the better understanding of the essence of tax payments, it is important to define the basic
principles of taxation. As a rule, they are the same for taxation systems of any country and consist in
the following:
1. Productivity or Fiscal Adequacy:
An important principle of a good tax system for a developing country is that it should yield adequate
amount of resources for the Government so that it should be able to perform its increasing welfare
and developmental activities. If the tax system fails to yield enough resources, the Government will
resort to deficit financing.
An excessive dose of deficit financing is bound to raise prices which are harmful for the society. To
make the tax system sufficiently productive it should be broad-based and both direct and indirect
taxes find place in it. Moreover, taxes should be progressive so that the revenue from them rises with
the increase in income of the people.
2. Elasticity of Taxation:
Another principle of taxation suitable for the developing countries is the principle of elasticity of
taxation. According to the concept of elasticity of the taxation system, as national income increases
as a result of economic growth, the Government revenue from taxes should also increase.
In developing countries, the share of tax revenue as a proportion of national income is low as
compared to the developed countries. This share of tax revenue will rise as national income
increases, if the tax system is sufficiently elastic. Progressive taxation of income and wealth
provides this elasticity to the tax system. Impositions of higher indirect (axes on luxury goods
having a high income elasticity of demand also makes the tax system elastic.
3. Diversity:
A good tax system should follow the principle of diversity. This implies that there should not be a
single or a few taxes from which Government seeks to raise large revenue. This is because if a
Government tries to get large revenue from a single tax or few taxes, it will have to raise the rates of
taxation too high which will not only adversely affect the incentives to work, save and invest but
also encourage evasion of taxes.
Therefore, the tax system should be a multiple tax system with a large variety of taxes so that all
those who can contribute to the public revenue should be made to do so. This calls for a mix of
various direct and indirect taxes. With the diverse tax system, the principles of fiscal adequacy and
equity will also be better satisfied.
Commending diversity in the tax system Arthur Young writes, If I were to define a good system of
taxation, it should be that of bearing lightly on an infinite number of points, heavily on none.
Similarly, another expert of public finance writes, Excessive reliance on any one base may produce
adverse economic effects because the rates may become too high. Therefore, a tax system may do
less economic damage if it raises moderate amounts from several bases rather than large amounts
from one or two.
4. Taxation as in Instrument of Economic Growth:
In a developing economy such as ours, taxation should serve as an instrument of economic growth.
Economic growth is primarily a function of rate of capital formation. If in the development strategy
public sector has been assigned an eminent place, then capital formation in the public sector must
occur at a relatively higher rate.
This calls for mobilization of resources by the Government so as to finance capital formation in
public sector. Therefore, a good tax system for a developing country will be such as will enable the
Government to mobilise adequate resources for capital formation or economic growth.
This it can do in the following two ways:
(a) Mobilisation of Economic Surplus:
An important principle for a developing country is that it should mobilise economic surplus found in
the economy. Economic surplus is the surplus of national income over essential consumption. It is
the task of taxation system that it should restrain non-essential or unproductive consumption through
appropriate system of progressive direct and indirect taxes and thereby mobilize economic surplus.
In an underdeveloped economy, there are particular economic sectors and classes of people where
the economic surplus is generally found and which therefore should receive the special attention of
tax authorities in such countries.
(b) Increase in the Intermental Saving Ratio:
A good tax system not only tries to mobilise the existing economic surplus but also seeks to raise it
with a view to mop up relatively greater amount of increase in national income for the purpose of
capital formation. Thus taxation in a developing economy has not only to restrain current
unproductive consumption but also to check the large increases in consumption when with the
increase in national income, economic surplus goes up.
This will ensure rise in the incremental or marginal saving ratio which is a prime determinant of
continuous economic growth. In other words, through the means of taxation consumption should not
be allowed to increase in proportion to increase in incomes.
Expansion in economic surplus accruing to the individuals should be mobilised and invested in the
public sector for further growth. Progressive income tax and indirect taxes on goods with higher
income elasticity will ensure this.
5. Taxation as an Instrument for Improving Income Distribution:
A good tax system for a developing economy should also serve as an instrument for reducing
economic inequalities. The purpose of a good tax system for a developing economy is not merely to
raise revenue for the Government but also to ensure that burden of taxes falls more on the rich.
This requires that the rates of progressive direct taxes on income, wealth, expenditure, capital gains
etc., must be sufficiently high. This objective of reducing income inequalities will be better served if
a good part of the tax revenue is used for poverty alleviation programmes.
6. Taxation for Ensuring Economic Stability:
A tax system must also ensure economic stability. Economic fluctuations have been a big problem in
the developed countries and for reducing these fluctuations taxation can play a useful role. For this
purpose, tax system must have built-in-flexibility. To have built-in-flexibility, the taxation system
must be progressive in relation in the changes in national income.
This will ensure that when national income rises, an increasing part of the rise in income should
automatically accrue to the Government. On the other hand, when national income falls, as in a
recession or depression, the revenue obtained progressive from taxes will fall more rapidly than the
decline in national income.
Built-in-flexibility attained through progressive taxation ensures that when incomes are increasing
during the period of boom or inflation, the relatively greater amount of tax revenue accruing to
Government will moderate the increase in purchasing power with the people and aggregate demand
and thus help in keeping prices under check.
Likewise, under progressive taxation at times of depression or recession, tax revenue will fall faster
than the income so that purchasing power of the people does not fall as fast as their pre-tax income.
This will serve to check decline in economic activity.
However, in developing countries, the problem is more of restraining inflation so as to achieve price
stability. By discouraging or restraining consumption, especially of non-essential or unproductive
type, taxation can pay a useful role in controlling inflation in the developing countries.
Conclusion:
From the foregoing analysis, we conclude that in the world today taxation is called upon to achieve
several socio-economic objectives. It is not just a means of raising revenue for the limited functions
of the State. Neutrality principle of taxation, that is, leave them as you find them, no longer finds
favour with the modern economists. Tax system today has to play a more positive role. It is intended
to bring about rapid economic growth, reduce inequalities of incomes, promote stability and to
achieve other socio-economic objectives.
Indirect Taxes Characteristics
The formation of the budget revenues entails the collection not only of direct, but also of indirect
taxes. In developed countries the relative weight of indirect taxes is usually lower than that
of direct ones, while in developing countriesthe opposite occurs. Indirect taxes are
applied to goods and services and take the form of an addition to its price or tariff. The
payers of indirect taxes are the buyers or the consumers. All the citizens, independently of
their income pay indirect taxes because they consume goods and services necessary for
survival and which are chargeable to indirect taxation.
Indirect taxes are the simplest to collect and are also difficult to evade by the taxpayer. These
taxes are also attractive to the government for the reason that their receipt does not depend
directly on the financial-economic activity of the taxation subject, and the fiscal effect is
achieved even in conditions of production downfalls and unprofitable periods of enterprises.
At the same time, the state has to apply direct taxes as well such that taxation covers as many
activities of the taxpayer as possible: processes that create the material and technical basis
for economic activities, the wealth of enterprises, the work force, the resources used in
production, and the income. This creates a rather stable inflow of tax payments and also
increases the causality between the amount of taxes paid and the effectiveness of the
taxpayer.
Indirect taxes are divided into excises, state fiscal monopoly, and customs duties. Excises can be
either individual or universal. A good example of a universal excise is the VAT, which is
used in the world taxation system since the end of the 60-ies. Individual excises are applied
to certain types and groups of goods. Customs duties are applied in most countries only to
imported goods. Usually, exporting goods is not taxed through a customs duty.
Fiscal monopoly taxes are applied for the state production of goods (ex. salt, matches, spirit).
Customs duties are classified into export, import and transit duties. In most countries import taxes
constitute the largest part of customs duties.
In the RM, indirect taxes include the VAT, excises, and customs duties. Indirect taxes make up
55% of the total budget revenue. The largest part of indirect taxes is transferred into the
state budget, while most of the direct taxes are transferred into the local budgets.
The advantages of indirect taxes include the following:
1
2
3
4
They increase the state revenue as a result of an increase in the population number or in its
wealth. This is most advantageous for the countries that face economic progress.
By influencing the consumption rate through increasing the price of one product or another,
the state limits the consumption of products that are dangerous for health.
Taxes are received as a payment for the good, as they are added to the price.
For the consumer, indirect taxes are convenient for the following reasons:
Insignificance of the amounts paid
Time convenience
The lack of a constraining factor
The lack of time requirements for making the payment
Does not require the accumulation of a certain sum.
The evolution of indirect taxes, according to many experts, is a general tendency covering
essential as well as luxury goods, or instead of taxing a large number of items it
concentrated on a selected few.
France
This country deserves special attention it is a first country that introduced in fiscal practice VAT in
its modern understanding. The tax system that is operating today was forming in 1930-1965, when
the process of unification and association of many taxes took place.
The Value Added Tax was introducing gradually, starting with year 1954, in some industries, and in
1968 was widely spread on retail sales.
VAT is used for levying of any goods and services made in France, where it is a taxable supply made
by taxable person in the course of any activity.
In France as payers of VAT should be registered all businesses that make taxable supplies for which
it is liable to pay VAT. Entities established in France may be exempted from registration if their
supplies were, the previous year, less than (amounts tax excluded) EUR 32,600 for services of EUR
81,500 for goods.
In Germany Value-Added Tax was introduced in 1973 and in present it has the second place by the
revenues collected in the budget. Its share in the budget is approximately 28%. The including of
VAT in the tax system of Germany had two main goals: increasing of state revenues due to the taxes
on consumption and performing of the main mandatory condition for entrance in the European
Union.
The VAT is due to any tax and services made in Germany that are taxable supplies made by taxable
persons. Some transactions are not liable to VAT: cash payments, the assumption of a debt as a form
of payment, genuine compensation payments.
All entities that make taxable supplies in Germany must notify the German authorities for
registering as a VAT payer. VAT returns should be made if the entity sold products or services in the
amount of more than 17500 EUR in the previous year and not more than 50000 EUR in the current
year. Some non-taxable legal entities and small entrepreneurs are not required to register.
As in other European countries in Great Britain any supply of goods and services is supposed to
VAT taxation.
The standard rate of VAT is in present 20%. It was increased on 4th January 2011 from 17.5%. The
rate was temporarily reduced from 1 December 2008 to 31 December 2009 and constituted 15%.
The VAT registration threshold in UK is 77000 GBP from 1st April 2012. So all businesses making
taxable supplies in UK in amount more than this sum must register and account for UK VAT.
In Sweden the Value-Added tax was introduced on 1st January 1969. Firstly, only some particular
groups of goods and services were supposed to VAT levying, but in 1991 the Legislation was
changed and all goods and services became subjects of taxation with some exceptions. Essential
changes took place on 1st January 1995 when Sweden became a part of European Union.
In comparison with other EU countries in Sweden is the highest VAT rate for goods and products
25%. This tax is also imposed on drinking water, alcoholic beverages, tobacco.
5) insurance services
6) business transfers
7) lotteries
8) funeral services
9) periodical editions of non-profit organizations
10)museum activities supported by the state
It is important to mention that in Sweden dont exist registration thresholds for VAT. All entities
which are making taxable supplies in Sweden must obligatory register and account for Swedish
VAT.
Delivery of goods and services by subjects of taxation,representing the outcome of their busi
ness activity in the Republic of Moldova;
imports of goods into the Republic of Moldova, except goods imported by individuals for
personal use or consumption, the value of which does not exceed the ceiling stipulated by
current legislation;
imported services in Republic of Moldova.
The following rates of VAT are set:
1) Standard rate - 20% of taxable value of imported goods and services and deliveries made on
the territory of the Republic of Moldova;
2) reduced rates in the amount of:
8% rate
for bread and bakery products;
for milk and dairy products;
for medicines;
for natural and liquefied gas.
0% rate
goods and services for export;
all kinds of international passenger and cargo;
electric power, thermal energy and hot water for population;
imports and/or deliveries on the territory of Republic of Moldova of goods, services
designated for the official use of diplomatic missions in Republic of Moldova;
import and/or delivery within the country of goods and services designed for
technical assistance projects conducted on the territory of Moldova by international
organizations and donor sates in treaties to which it is party; investment support
projects, financed from loans and grants awarded to the Government or with state
guarantee, from loans granted by international financial institutions and from grants
awarded to the budget institutions.
goods, services delivered within the free economic zones outside the customs
territory of the Republic of Moldova, delivered from the free economic zones outside
the customs territory of the Republic of Moldova, delivered in the free economic
zone in the rest of the customs territory of the Republic, as well as those delivered by
free economic zones residents of the Republic of Moldova to each other;
the services of light industry enterprises on the territory of Republic of Moldova
under contract processing customs procedure for inward;
burial and incineration of human and animal bodies, and related activities;
services for the general public: rental of dwelling space, technical services for residential
housing blocks, water supply, sewage, heating, sanitation, elevators;
passenger transportation services throughout the country;
electric power imported and supplied through the distribution network;
services related to the confirmation on land ownership rights;
some books and periodical publications;
services delivered by agricultural service cooperatives.
On imports:
Goods entering the customs territory and placed in transit customs regimes, customs
warehouse, processing under customs control, free customs warehouse, destruction,
renounce in favor of the state;
domestic goods previously exported and reintroduced within 3 years;
goods placed under the customs regime of temporary admission;
supplementary items imported for blind, deaf, disabled people by legal entities for noncommercial purposes when their value does not exceed 50 euros;
goods, services meant for shops serving exclusively for diplomatic missions and other
similar missions in the country;
goods, services for assistance in case of natural disasters, armed conflict and other
emergencies, for supplies, services defined as humanitarian aid.
Note: - foreign goods apply VAT to their introduction into the customs territory and their
placement under the customs regime inward, with subsequent refund of VAT paid on
removal from the customs territory of the processed products. VAT is reimbursed in
accordance with the instructions MSTI in a period not exceeding 45 days. - The removal
of the goods from the customs territory placed under the customs regime of re amount of
VAT paid shall be refunded to the introduction of such goods into the customs territory
within a period not exceeding 45 days.
He performed over a period of 12 consecutive months supply of goods and services in the
amount exceeding 100 thousand lei, except exempted supplies;
deliveries were paid by buyers (customers) by transfer to the bank account of the taxpayer.
The individual must apply in the territorial tax inspectorate by the end of the month when the
ceilings was reached. He is considered registered from the first day of the month following the
month in which the application was filed. The registered subject of taxation receives a certificate
of registration for VAT indicating:
The total value of supplies for 12 consecutive months shall not exceed the threshold of
100 thousand lei
The taxpayer has not presented VAT statement for each tax period.
If the delivery is made at a lower price than the market either because of specific relations between
the supplier and the consumer, whether the consumer is an employee of the provider, then the object
is taxable at market value of such supplies.
The taxable value of imported goods is the customs value (transport costs, insurance costs
and other costs related to bringing goods to customs), determined in accordance with the customs
legislation, which includes the value of goods according to the accompanying documents, as well as
taxes and charges are to be paid on imports of such goods, excluding VAT. In the absence of
documents confirming the value of imported goods or the reduction of the value of the goods by the
importer, the taxable value of goods is determined by the customs authorities in accordance with the
rights granted by law to those authorities.
The value of taxable supplies of goods and services can be adjusted after delivery and their
payment if:
the value of taxable supply, approved in advance, changed as a result of price change;
taxable supply has been totally or partially returned to the subject which made the delivery ;
taxable value was reduced after giving discount for early payment.
Adjustment shall be made only if present documents confirming those operations.
VAT tax liability
Deliveries within the country become taxable supply at the moment of provision.
For goods, delivery date is the date of transmission of consumer goods in possession, when the
transportation of goods is made by the third person (organization of transport), the delivery date is
considered the date of the beginning of transportation.
In case of working with immovable property, delivery date is the date when the property is
included in the register of realty at the Territorial Cadaster Office.
For services, delivery date is the date of service provision, date of issue of the invoice or
receipt of full payment by the subject of taxation or partial, depending on the event taking place
before. If the invoice is issued or payment is received until the time of delivery, delivery date is the
date of issue of the invoice or receipt of payment, depending on what occurs earlier. This procedure
also applies to regular deliveries over a period of time stipulated in the contract and in this case the
delivery date is the date of issue of the invoice or receipt of each regular pay, depending on the event
taking place before.
For imported goods used in entrepreneurial activity, the term tax liability is the date of
declaration of goods at the custom at entry and payment date - the date of paying of funds by the
importer to the customs authorities or respective accounts of the State Treasury at the Ministry
Finance, confirmed by a statement from the bank account. For services used for entrepreneurial
activity, the terms of honoring VAT tax liability and payment date is the date of payment for the
imported service. For goods exported date of delivery is the date when the goods cross the border of
the Republic of Moldova.
For the calculation of VAT that should be paid to the budget we should calculate VAT paid by t
he consumers for the goods and services and VAT that should be paid to the suppliers for raw materi
als (it includes VAT for imported materials).
VAT payable to the budget = VAT received from buyers for goods VAT paid to the suppliers for
primary materials and for imports.
VAT received and paid is calculated according to the Register of evidence of supplies and Regi
ster of evidence of acquisition which are filled from tax invoices.
If VAT paid to the supplier for materials is bigger than VAT received from consumers than the
difference is transferred in the next tax period and it becomes a part of VAT that should be paid.
Example 1:
In March the economic agent had registered next operations:
1) Commercialized on the territory of RM goods in amount of 40.000 lei;
2) has received from suppliers materials in amount of 160.000 lei( with VAT);
3) has imported goods in amount of 7000 lei (with VAT).
Determine VAT paid to the budget in March.
Solution:
1) VAT received = 40.000*20%/100%=8000 lei
2) VAT paid = (160.000+7000)*20%/120%=27.833 lei
3) VAT budget = 8000-27833= - 19.833 lei (is transferred in the next period)
Answer: VAT paid to the budget in March is zero, but the sum of - 19.833- 19.833 lei should be pai
d in April.
If VAT that should be paid for
raw
materials
by
enterprises that produce bakery or dairy products is bigger than VAT received
at the moment of
realization of products,
the difference should be refunded from the budget till the standard VAT
rate,
multiplied by value of supply,
which is levied at reduced rate.
VAT is refunded in 45 days by State Tax Inspectorate.
Example 2:
VAT paid in February to the suppliers for materials constituted - 125.300 lei;
The value of goods levied at reduced rate 937.500 lei.
Determine the sum that will be refunded from the budget.
Solution:
1) VAT received = 937.500*8%/100%=75.000 lei
2) VAT paid=125.300 lei
3) VAT budget = 75.000-125.300= -50.300 lei
4) Possible limits for refund = 937.500*20%/100%=187.500 lei
Answer: 50.300 lei sum is less than VAT limit, so, this sum will be refunded from the budget.
Example 3:
VAT paid to the suppliers for materials 225.000 lei;
Example 5:
An economic agent had sold in September and October,5430 and 3250 units of good.
The price for one unit is 890 lei (without VAT).
From the sales made in October 3000 units were exported.
In October from the suppliers were bought materials in amount of 546230 lei (with VAT).
Determine VAT paid to the budget for every tax period.
Solution:
For September:
1) VAT received=(5430*890)*20%=966540 lei
2) VAT paid=0
3) VAT budget=966540 lei
For October:
1) VAT received=(250*890)*20%+(3000*890)*0%=44500 lei
2) VAT paid=546230*20%/120%=91038,33 lei
3) VAT budget=44500-910038,33=-46538,33 lei
Possible limit for refund: (3000*890)*20%=534000 lei
Answer: In September to the budget will be paid 966540 lei, but in October will be refunded 46538,33 lei.
Example 6:
An economic agent in March,
April and May had sold goods in the amount of 34500 lei,29000 lei and 58300 lei(without VAT). From the sup
pliers were bought raw materials in amount of: March-42400 lei, April-15000 lei,May-5500 lei(with VAT).
Determine VAT paid to the budget.
March
Importers are required to submit documents confirming the value of imported goods, such as
invoice, contracts or other documents as determined by law.
VAT will be imposed at the rate of 20% of the calculated value of goods, except goods, whose rate is
reduced. Importers of goods are required to indicate their tax code in the declaration unless the
goods are not intended for resale or other business activities. Taxpayers, who import goods for
entrepreneurship activity, can transfer on their account VAT paid on imports, taking into
consideration the restrictions about transferring on account VAT on exempted supplies.
Imports of services. Services imported in RM are objects of taxation and are defined in
accordance with art. 93 of CF. The value of imported services is considered the price paid or to be
paid to the supplier by legal or natural person - beneficiary of the services rendered. The amount
will include payments made in RM or payments made outside the country.
Exports. Taxpayers who exports goods or services from Moldova are taxed at zero rate. To
get right to the refund of VAT on goods, exported services, subject of taxation shall submit the
following documents:
document confirming the arrival of goods in the country of destination,the recipient country
customs declaration confirming import of goods under the customs reg
ime;
However, in the absence of the customs declaration, confirmation document can serve
commercial documents available, which, depending on the type of transport are:
transportation by motor transport - CMR;
transportation by rail - Railway Bill;
transportation of all types of shipping (including sea and river) - Bill of lading;
the transportation by air transport - Airway Bill
Required documents are necessary as accompanying document to international
transport. This document notes about crossing state boundaries and arrival of goods at the
destination.
In the absence of documents confirming export, subject of taxation is not entitled to claim a
VAT refund in the amount of 0%. However, in this case VAT is calculated regardless of whether or
not the subject of taxation levy VAT from the consumer.
Excise duties - general characteristics
Excise duty is an indirect tax that is imposed on consumer goods. The excise duty is
included in the price of goods or services. Currently this tax is applied in all countries with
market economies. It is levied on some goods and services and can be viewed in two ways: firstly,
as a source of income to the budget, and secondly, as a way of limiting the consumption of some
excisable goods (usually harmful one).
According to the Tax Code of the RM excise duties take part of general state taxes and are
settle for:
- some consumer goods;
- gambling activity.
The subjects of taxation, depending on the nature and type of activity are:
a) natural and legal persons who process and / or manufacture excisable goods in
Moldova;
b) natural and legal persons who import excisable goods, except goods which are
exempted from tax;
c) legal entities active in the field of gambling.
The subjects of taxation that produce or plan to produce excisable goods and people
expected to work in the field of gambling are required to register as excise payer and receive the
excise certificate.
Excise Certificate is a document issued by the State Tax Service to the subject of
taxation, the registration assigns the right to transact with excisable goods and to conduct
business in gambling.
To obtain an excise certificate, economic agents are required to register as taxable
subjects at the State Tax Inspectorate on which territory they are activating with an application
for a certificate request. The application request shall indicate the name (name, surname), legal
address, the principal place of business and data on the license issued by the competent bodies.
Economic agents that will be registered as excise payers have to declare the excise room.
The excise room represents all places belonging to the subject of taxation, including buildings,
spaces, territories, lands, or any other places that are located separately, determined in excise
certificate where excisable goods are processed and / or manufactured by the subjects of
taxation and where gambling is taking place. Excise certificate is issued within maximum 2 days
after its receipt of the request.
In case of changes or additions to the constituent documents (except change the tax
code), such as:
- reorganization of legal form;
placed under the customs regimes of transit, custom storage, temporary admission, duty free
shop and excisable goods manufactured in the Republic of Moldova for export.
For goods subjected to marking with excise stamps markings are divided for:
1. Champagne, sparkling wines and;
2. Wines;
3. Alcoholic beverages;
4. Cognac (brandy);
5. Articles from tobacco;
6. Imported articles from tobacco.
Calculation of excise duties
The sum of excises that should be paid to the budget depends on levied volume.
For determining this sum the volume of excisable goods is multiplied with excise rates.
Example 1:
An enterprise
d) royalties and license fees that the buyer must pay, directly or indirectly;
e) the income from any resale, transfer or use of the goods, which would return,
directly or indirectly, to the seller.
(5) Method of determining the customs value based on the value of good
The customs value of goods will be based on its calculated value, including:
a) the value or price of materials and manufacturing operations or other work to produce
the commodity;
b) the volume of profits and general expenses usually included in the amount of sales of
goods;
c) costs of transporting goods to the airport or other place of introduction of goods into
the customs territory.
(6) The customs value of goods determined by reserve method
This method if used only if all previous methods couldnt be applied.
The customs value is calculated using reasonable means in accordance with legislation, general
principles of international agreements to which Moldova is a party and in base of available data.
The customs value of exported goods is determined on the basis of their contractual value taking
into account the conditions DAF ("Delivered at Frontier").