Moldovan cabinet approves draft on fiscal, customs, budgetary policy for 2016

Chisinau, 12 March /MOLDPRES/ - The cabinet members today approved a draft law on the amendment and completion of legislative acts for carrying out the fiscal, customs and budgetary policy for 2016, the government’s communication and media relations department has reported. 

The new legislative stipulations are aimed at ensuring a stable economic climate, friendly for doing business in Moldova and attracting foreign investors, as well as at creating mechanisms of fair contribution for private people.  

To back the business environment, the government provided for the increase of the term of reporting the losses resulting from the entrepreneurial activity from 3 to 7 years. At the same time, the cabinet revised the taxable base for the tax on advertising devices: diminution of the quantum of the tax collected for re-establishing the licence, giving the right to pay off the fiscal obligation through the agency of providers of services against payment and giving enterprises the right to submit fiscal reports to any territorial fiscal body.    

The measures provided for in the draft for 2016, which are aimed at accumulating new financial resources for the budget, stipulate the following: introduction of the tax on wealth and adjusting the quotas of excise duties on some categories of goods to the inflation rate, among which the land tax and the tax for the use of roads, the collection of which will be within the competence of the Transport and Roads Infrastructure Ministry.   

The draft law contains measures which proceed, in fact, from the provisions of the government’s action programme, National Strategy Moldova 2020, Association Agreement between the European Union and the European Atomic Energy Community and its member states, on the one hand, and Moldova on the other hand, other national programmes and strategies.  

The fiscal, customs and budgetary policy for 2016 is to be discussed and adopted by the Moldovan parliament.  

More details in the draft law on the amendment and completion of legislative acts in terms of carrying out the fiscal, customs and budgetary policy for 2016 may be found on the government’s webpage: http://gov.md/sites/default/files/document/attachments/intr19_35.pdf

(Editor L. Alcaza)