Secretary of state at the Ministry of Finance Ion Chicu said that after the fiscal reform that provides concessions for employers and employees was implemented, the pace of collecting incomes into the national public budget was kept in October. The growth pace of the collected amounts decreased, but the volume of incomes did not, IPN reports.
Small redistributions between taxes were witnessed in October 2018. Ion Chicu said the growth pace of the collected amounts decreased, not yet of the volume of collected incomes. “In general, the incomes collected all the components of the national public budget on November 1, 2018 were by almost 4 billion lei higher than the incomes collected in the same period of 2017. This confirms our forecasts that the moment was opportune for implementing such a reform. Essential, but absolutely necessary essential diminutions of tax rates can be made not in all the situations, but only when the economy grows and the surplus of the collected amounts allows such a small reserve for the next periods,” stated the functionary.
Economic analyst Gabriela Kuneva said the fiscal reform will have a different impact in diverse areas. It is too early to speak about particular results, but the fact that the state took particular steps to offer such incentives and to enable the businesses to use such instruments is welcome.
Director of the Moldova Business People Association Alexandru Baltag said the diminution of the pressure exerted on salaries is directly related to the labor force that is deficient. “The shortage of labor force on particular segments is rather large and the businesses wait for other policies in the labor and education sectors. They expect the state to diminish the abuses, mainly those committed by inspection bodies and bodies that issue permissive documents, and excessive bureaucracy as these are also an impediment,” stated Alexandru Baltag.
A common income tax rate of 12% is applied in the case of private individuals as of October 1 this year. The taxi drivers who have a monthly salary of up to 10,000 lei pay a common tax of 500 lei a month. The personal exemption rose to 24,000 lei a year. For persons with disabilities acquired in the war for defending the country’s integrity and the Afghanistan war, the personnel exemptions were increased up to 30,000 lei.
