The tax paid into the state budget from the voluntarily declared amounts of money will rise from 3% to 6%.  Parliament on November 8 amended the law on voluntary declaration and fiscal stimulation, IPN reports.

Speaker of Parliament Andrian Candu said the amendments were agreed with the International Monetary Fund and the World Bank following missions of experts that came to Moldova after the initial law was adopted.

The persons who were or are subjects of assets and personal interests declaration according to Law No. 33 on the declaration of property and personal interests cannot be subjects of voluntary declaration of assets. The same applies to the family members – husband or wife, minor child, including the adopted one, or the person maintained by the subject of declaration and also live-in lovers.

The subject of voluntary declaration takes responsibility that the falsification in the preliminary declaration or in the notification on voluntary declaration of assets is punished criminally.

According to the authors of the amendments, to make the subjects that will benefit from fiscal stimulation responsible the law will not exempt from fiscal inspections taxpayers found guilty of tax evasion by intentionally including distorted data about revenues or costs in accounting, fiscal or financial documents by definitive court decisions as of January 1, 2019.