The initiative to reduce once again the social insurance contribution for companies that was presented at the Gala of the Moldova Business People Association will enable national businesses to accumulate financial reserves that will be invested in the economy. This will also allow the companies to transform the revenues into dividends, IPN reports.

Alexandru Baltag, director general of the Moldova Business People Association, said the second stage of the fiscal reform means continuation of what was started this year. “Here, besides the direct economic effects on the businesses, we also see social effects through reinvestment in the creation of new jobs. The state also gains as the phenomenon of illegal payment of salaries is decreased and the amounts collected into the budget will be much higher,” he stated in the talk show “Reply” on Prime TV channel.

Andrei Jicol, entrepreneur working in the IT sector, said that by the decision to annul the tax on the reinvested capital, a door is opened to larger investments. “Now the small and medium-sized enterprises will be able to transform the revenues into dividends or to reinvest them without paying the income tax and this stimulates business growth,” stated the businessman. According to him, this idea is an additional propulsion for the entrepreneurs  to raise above the turbulence level.

Journalist Oleg Cosyh voiced hope the reduction in the contribution paid into the social insurance fund will enable the national businesses to gather financial reserves that will be invested in the economy.

Lilia Ranogai, textile industry entrepreneur, said the country should be ruled by a managerial rather than political administration. “The country is the same business. We need a government that does economy, not politics and only this way our country will be able to take steps only forward,” stated the entrepreneur.