Moldova's State Tax Service recently issued a letter clarifying the deduction limits for interest paid on a loan from a foreign lender. The loan in question was entered into in 2014 with an interest rate of 3% and a term of three years and was subsequently extended for an additional two years but with an increased rate of 6%. The letter clarifies that under Moldovan tax law, the deduction of interest expenses on loan agreements is limited to the average weighted interest rate set by the Natio…