The World Bank considers the recently adopted amendments to the law on voluntary declaration and fiscal stimulation are a step forward. It called on the authorities to make sure these amendments take effect without delay, IPN reports, quoting the Facebook page of the World Bank Office in Moldova.
According to the same comment, the World Bank will cooperate with the Moldovan authorities in assessing the impact of the law on voluntary declaration and fiscal stimulation, focusing on implementation, both before and after the adoption of these amendments. It will also monitor the adequacy of controls for managing fiscal risks and related governance risks.
Parliament on November 8 amended the law on voluntary declaration and fiscal stimulation. The tax paid into the state budget from the voluntarily declared amounts of money will rise from 3% to 6%. 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.
