Moldova to take over from EU better practices of managing risks of fiscal non-conformity

Chisinau, 22 November /MOLDPRES/ - The taking over of good practices of managing risks of fiscal non-conformity has been the subject tackled by representatives of the State Fiscal Service (SFS), Finance Ministry and development partners at a roundtable. The discussions fit the initiative recently launched by SFS on the optimization and modernization of the process of evaluation and management of risks of fiscal non-conformity, in order to prompt the voluntary conforming of tax payers and increase the collections to the national public budget.    

SFS director Olga Golban said that the risks’ management was presently a primordial action at the Service. ‘’We must be proactive and have a quick reaction as regards the events which take place in the economic society and be prudent to the phenomena which take place. A quick reaction through the light of the voluntary conforming implies lower costs on behalf of SFS in terms of administration and at the same time, we regard it as an investment in the entrepreneurial future. The part dealing with forcible conforming implies a complex system of risks and elements which are to be analyzed. In the context, we are confident that the conclusions made during the current mission will serve as support in the subsequent decisions which we are to take,’’ Olga Golban also said.      

According to the Moldova Institutional and Structural Reforms Activity Programme (MISRA), the experience of the Baltic and Scandinavian countries of evaluating the fiscal risks is one of the most advanced and innovative in this field, which can be taken into consideration by the fiscal authority of Moldova. The models of the Baltic and Scandinavian countries combine traditional and advanced techniques which enhance the efficiency and accuracy of the process of management of the risks of fiscal non-conforming.      

The head of the MISRA programme, David Anderson, reconfirmed the programme’s openness to support SFS in the analysis of the current processes of assessing the risks of fiscal non-conforming and identification of fit solutions, which will help the fiscal authority determine the categories of high risk tax payers and act with target.   

The digitalization of the process of analysis of the fiscal non-conformity risks includes the counterposing of data from diverse sources, including the registration of tax payers, fiscal declarations, payments and data of third people from financial institutions and continuous updating of the risk models. The development of a modern system of analysis of the risks of fiscal non-conformity will allow SFS optimizing its efforts and costs dedicated to the evaluation of the fiscal non-conformity risks.    

Presently, the State Fiscal Service is involved in a complex exercise of preliminary and fundamental analyses, in order to identify the processes and data which deal with the management of risks of fiscal non-conformity, so as to understand the operational context, SFS’ requirements for the fiscal conforming and identifying the options of improving these processes.