Government adjusts budgetary-fiscal policy for this year

The excise duty on large capacity vehicles (2,500, 3,000cc engines) will be increased from €2 to €3 per cubic centimeter, IPN reports, quoting a bill with amendments proposed by the Government to legal acts concerning the fiscal policy for 2014.

Minister of Finance Anatol Arapu said that some of the provisions of the fiscal policy were reviewed after they were declared unconstitutional.

Parliament is to abrogate the norm providing that private individuals can transfer up to 2% of the tax on their income salary to noncommercial organizations and religious institutions to support them.

In accordance with the decision of the Constitutional Court, there were proposed a series of changes to the local taxes and duties.

In order to ensure a favorable climate for the European integration process, the economic entities that do not have connection with the budget system of Moldova will be exempted from paying customs duties and environmental taxes. Deputy Prime Minister Eugen Carpov said this provision is a positive signal for the Transnistrian business community.

Among the amendments aimed at improving the fiscal legislation, many of which were put forward by businessmen, is the diminution of the fine for collecting cash in the absence of cash register from 10,000 to 7,000 lei and of the fine for not issuing sales slips from 7,000 to 5,000 lei.

Punishment will be instituted for the violation of tax legislation both for drivers and the company administering the bus or minibus terminal and for carriers. The fines for illegal transportation of passengers will be reviewed in a move to combat this practice.

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