RESOLUTION OF PARLIAMENT OF THE REPUBLIC OF MOLDOVA

of April 24, 1997 No. 1165-XIII

About the Concept of tax reform

The parliament accepts this resolution.

Art. 1. - Approve the Concept of tax reform it (is applied).

Art. 2. - To the government to take necessary measures for realization of provisions of the Concept of tax reform.

Art. 3. - This resolution becomes effective from the date of publication.

Appendix

to the Resolution of Parliament No. 1165-XIII of April 24, 1997

Concept of tax reform

1. Need of implementation of reform

The tax reform undertaken in the Republic of Moldova is intended to increase receipts in the budget, necessary for financing of state programs and development of service industry, to stimulate development of economy, to redistribute the income between different segments of the population.

Need of reforming of the taxation system is caused by the fact that it:

a) it is unfair - the tax load is distributed unevenly between the physical persons and business entities who are in identical economic conditions;

b) interferes with economic development and creation of new workplaces;

c) effective fund raising is not promoted, by state programs, necessary for financing, and service industry.

2. The overview of the operating system

The main sources of state revenues in Moldova are the value added tax (VAT), the excise duties, customs duties, the income tax of the companies, the income tax from physical persons, contribution to the budget of the national social insurance, and also the land tax and the real estate tax.

Taxation is performed by bodies of the State Tax Administration. The VAT and duties for imported goods are levied by bodies of customs control.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info