Final vote for instituting fiscal monopoly mechanism

The MPs gave a final reading to a bill to institute fiscal monopoly. This status will offer enterprises or groups of enterprises of the Republic of Moldova the right to perform exclusively an economic activity related to goods or services so as to obtain incomes for the state. The status of fiscal monopoly will be granted only to legal entities with whole or majority state capital, IPN reports.

To obtain this status, the enterprise needs to have technical capacities and equipment and to apply modern technologies for performing the given economic activities.

The bill also envisions the creation of the National Commission for Fiscal Monopoly. This will ascertain the necessity of instituting fiscal monopoly for particular economic activities. This way, the commission, based on a pertinent analysis and following public consultations, will identify the enterprise or group of enterprises for attributing the status of fiscal monopoly.

The commission will have five members: by a representative of the Ministry of Finance (chairman of the commission), the Ministry of Economy and the Competition Council and two representatives of civil society from the economic sector.

The given amendments were made to the law on entrepreneurship and enterprises.

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