Economic council proposes to simplify state reporting procedure for economic agents

Chisinau, 22 April /MOLDPRES/- Prime Minister Chiril Gaburici on 21 April approved a concept and an action plan on improving the National System of Reporting to the state institutions. By this initiative, the Moldovan government is set to reduce the reporting effort of economic agents three-fold by late 2018, according to a press release by the Economic Council of the Prime Minister.

The concept was developed by a working group formed according to an instruction by the prime minister from 24 November 2014. The group is made up of representatives of the Economics Ministry, Finance Ministry, Labour, Social Protection and Family Ministry, National Statistics Bureau, National Insurance House, National Insurance Company, State Fiscal Service and Electronic Government Centre.  The head of the working group is the chief of the abovementioned Council's secretariat. 

The action plan sees a string of actions meant to simplify the system of reporting to authorities, by setting up an efficient data exchange between authorities, in order to exclude doubling of data unveiled in the reports. The working group will elaborate a string of proposals to reduce the number of taxes, as well as to simplify the calculation methods, by unifying the calculation base for more taxes. Also, a more simplified reporting framework for micro-enterprises, accounting for over 40 per cent of the overall economic agents, will be implemented. 

Presently, according to World Bank data for 2014, an economic agent operating in Moldova takes effort to calculate and pay taxes representing on average 185 hours per year. Under the experts' estimations, after implementing these actions, this effort could be cut to 60 hours per year by 2018.

The working group will continue the activity to successfully implement the action plan approved by the prime minister and will report quarterly the results of its enforcement.

(Editor A. Răileanu)