LAW OF THE REPUBLIC OF MOLDOVA

of July 26, 2018 No. 180

About voluntary declaring and tax incentives

The Parliament adopts this organic law.

Article 1. Sphere of regulation

(1) This law establishes the general principles and guarantees of voluntary declaring of property, and also determines legal status of subjects of voluntary declaring of property, subjects of tax incentives, authorized bodies of the public power and other organizations and organizations which participate in process of voluntary declaring of property or tax incentives, or activities of which are connected with process of voluntary declaring of property or tax incentives.

(2) This law establishes guarantees of voluntary declaring of property in the part concerning immunity of voluntarily declared property.

(3) Provisions of this law do not extend to the property of physical person received from the criminal activities provided by the Criminal code No. 985/2002, except for of the articles 244 "Evasion of the Companies, Organizations and Organizations from Tax Payment" and 244-1 "Evasion of physical persons from tax payment".

(4) Provisions of this law do not contradict international standards and the procedure of the program implementation of voluntary declaring of charges approved by state members of Committee of the Council of Europe of MANIVEL (Committee of experts in assessment of measures of anti-money laundering and terrorism financing).

Article 2. The used concepts

For the purpose of this law the following concepts are used:

the nominal owner - the physical person which is the owner de jure of property, but not being its owner de facto;

the representative - the physical person - the citizen of the Republic of Moldova, being the legal representative of the subject of voluntary declaring according to this law;

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