LAW OF THE REPUBLIC OF MOLDOVA

of January 29, 1998 No. 1466-XIII

On regulation of repatriation of the money, goods and services received as a result of the external economic transactions

The parliament adopts this law.

Article 1. Purposes and scope of the law

(1) This law determines procedure for activities, the right, obligation and responsibility of business entities, bodies of public management in the field of repatriation of the money, goods and services received as a result of the external economic transactions.

(2) Main objectives of this law are protection of sovereignty and ensuring economic safety of the country, development of national economy by means of stimulation of foreign economic activity, ensuring repatriation of the money, goods and services received as a result of the external economic transactions.

Article 2. Basic concepts

In this law the following basic concepts are used:

the external economic transactions - transactions on export, re-export, import, reimport, barter, cooperation, leasing both any other external transactions and transactions;

repatriation of money - receipt at the scheduled time from nonresidents of money from commodity export, rendering services/works to nonresidents, and also from other external transactions and transactions into the accounts opened in licensed banks of the Republic of Moldova according to the amount of means specified in the customs declaration or with the cost of the rendered services or the performed works specified in supporting documents (the contract, acts of performance of works or rendering services, invoice/invoice);

date of repatriation of money - date of transfer of the arriving amounts into the account of the exporter or importer (financial defendant) in licensed banks of the Republic of Moldova;

repatriation of goods, services - implementation of the import provided by the external economic agreement;

date of departure of goods - date of execution of the customs papers confirming commodity export;

receipt date of goods - date of issue of goods Customs Services for free movement on customs area of the Republic of Moldova.

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