Sugar Could Cost 11%: Producers Warn that the Increase in VAT Can Hit the Whole Industry

unimedia.info

Factuality

Ownership

Sugar can be charged at the shelf by about 11%, if VAT is increased from 8% to 20%, and the overlap of the new fiscal burden over existing problems endangers the entire sugar industry in the Republic of Moldova, warns the Union of Sugar Producers in Moldova (UPZM).

newsmaker.md

Factuality

Ownership

In Moldova, sugar may rise in price by 11%. This was warned on September 30 by the Union of Sugar Producers (UPZM), calling on Parliament to refuse to increase the VAT rate on this product from 8% to 20% as part of the draft fiscal policy for 2027. Producers warn that the authorities' plans jeopardize the existence of the entire industry and could trigger an increase in shadow trade. According to the Union, the authorities' initiative will lead …

radiomoldova.md

Factuality

Ownership

Sugar could cost around 11% on the shelf, if Parliament approves an increase in the VAT quota from 8% to 20%. The warning comes from the Union of Sugar Producers of Moldova (UPZM), which calls for a review of the measure, invoking the risk of compromising European investments of over 130 million euros on the basis of high energy costs and the pressure of imports. The authorities have not yet responded to this request.

realitatea.md

Factuality

Ownership

Sugar could be charged by about 11% on the shelf, if Parliament approves the increase in VAT from 8% to 20%. The Union of Sugar Producers in Moldova (UPZM) asks the authorities to reconsider the measure and warns that it, combined with other problems in the sector, can endanger the indigenous sugar production. According to the producers, the increase in VAT would [...] The Sugar Article could be charged by 11%: producers warn that the increase i…