LAW OF THE REPUBLIC OF MOLDOVA

of December 17, 1997 No. 1417-XIII

About enforcement of the Section III of the Tax code

The parliament adopts this law.

Article 1. Entry into force

The Section III of the Tax code becomes effective since July 1, 1998.

Article 2. Recognition invalid

From the date of entry into force of the Section III of the Tax code to declare invalid the Law on the value added tax No. 264-XIII of November 8, 1994 (The official monitor of the Republic of Moldova, 1995, No. 10, Art. 96; 1996, No. 7, Art. 70; 1997, No. 56, Art. 509).

Article 3. Change of regulations

(1) to Suggest the President of the Republic of Moldova to bring the regulations into accord with the Section III of the Tax code.

(2) to the Government in three-months time:

a) provide to Parliament of the offer on reduction of the current legislation to compliance with the Section III of the Tax code;

b) bring the regulations into accord with the Section III of the Tax code;

c) provide review and cancellation by the ministries, services and other central bodies of public management of the regulations contradicting the Section III of the Tax code.

Article 4. Final and transitional provisions

(1) the Tax relations which arose before entry into force of the Section III of the Tax code are regulated according to the Law on tax on added cost No. 264-XIII of November 8, 1994 and other regulations existing at the time of their origin.

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