New Government sends positive messages to businesses

Only one central authority will be entitled to perform fiscal checkups at companies - the State Principle Fiscal Inspectorate (SPFI). The new Moldovan Government adopted modifications to laws in this respect at its first sitting on April 2, Info-Prim Neo reports. Now two authorities are empowered to operate fiscal controls – the SPFI and the Economic Crimes and Corruption Combating Center (ECCCC). They used to overlap their work and thus to trigger the dissatisfaction of businesses. The draft suggests that all the powers related to the fiscal control should be given to the SPFI, except for the case of penal search, which will rest with the ECCCC. Another draft law approved of by the Government concerns simplified procedures of quenching fiscal debts, the collection of which is impossible. Thus they suggest adding a new article to the Fiscal Law -- 174 prime — in which to describe the simplification mode. Such fiscal arrears should not have been incurred following activities liable to the Penal Code, as the fiscal evasion. The debts will be forgiven in a simplified manner, if the company does not report during 24 consecutive months; if it has not performed operations with bank accounts; if the collecting authorities have run out of the procedures of forced collection and if the company has no assets liable to forced execution of payments. The simplified procedure of forgiving the debts the collection of which is impossible will be applied only on the debts to the state budget, the local authorities’ budgets and the medical insurance funds. The draft suggests that the founders of companies, the debts of which have been liquidated using the simplified procedure, the following three years, will have the right to register new businesses only if paying the debts liquidated through that procedure. Prime-Minister Zinaida Greceanai said those draft laws were part of the programs of the new team and they send a positive message to the Moldovan business circles.