Moldovan tax office to fine exchange units admitting violations of cash machines’ use

Chisinau, 10 August /MOLDPRES/ – The State Tax Service (SFS) will have the right to sanction the units of foreign currency exchange if a breach of the rules for using cash machines and fiscal memory control is found. The sanctions will be applied on the basis of the control issued by the National Bank of Moldova (BNM), according to a draft amending and completing some legislative acts, endorsed by the Government today.

The replenishments were dictated by the fact that the violations in the field of cash machines and fiscal memory control are sanctioned by the fiscal body, according to the Code of Contravention. The BNM checks the foreign exchange units where they often detect facts that constitute contraventions, especially the violation of the rules for the operation of cash machines and control, but the BNM has no powers to establish the contravention and/or sanction.

The project also provides for the introduction of a new concept of foreign exchange information system in the Tax Code. This platform is an intermediate hub from which real-time management and financial information will be transmitted when executing the foreign exchange transaction in cash with individuals, carried out at the licensed units' exchange facilities, secure digital channels, the information system of State Tax Service.

(Reporter V. Bercu, editor M. Jantovan)