Since Law no.111 on the economic liberalization reform took effect on 27 April 2007, there have been registered 35 transactions to legalize capital worth 112 million lei. The revenue from fees for processing capital legalization schemes transferred to the State Budget amounted to 5.6 million lei, Info-Prim Neo reports. According to Natalia Plamadeala, head of the Main State Fiscal Inspectorate’s department for revenue, this year the legalization of capital has brought to the State Budget about 390,000 lei in taxes following transactions worth approximately 8 million lei. Plamadeala noted that 15 transactions of the total number were initiated by natural entities who wanted to have their funds legalized. The rest of the cases related to legalization of real estate, equipment, securities, shares in companies, and other assets owned by legal entities. The 2008 State Budget Law provides for incomes of 295 million lei from capital legalization. Vadim Ciobanu, head of the department for structural policies at the Ministry of Trade and Economy, mentioned in the same connection that more individuals and entities will probably seek to legalize their assets in the fourth quarter of the year, towards the end of the legalization reform, which is due to finish on 31 December 2008. “The Ministry is conducting a series of seminars throughout the country to inform those concerned of the forms of capital that may be legalized, of the legalization procedures and of its stages.” Ciobanu reminded that the law allowed the legalization of the capital which was registered in the name of third parties or wasn’t declared by their real owners. The forms of the capital that may be legalized are funds, in the case of individuals, and real estate and stock, in the case of both natural and legal entities. The basic goals of the legalization reform is to curb the shadow economy, to allow the real owners of the capital to acquire rights of ownership, which will lead to improved business administration, and to optimize taxation matters for the businesses enjoying legalization of capital. Capital legalization, alongside tax amnesty (which has already ended) and the application of a zero rate tax on unexpended corporate income starting 1 January 2008, forms part of a package of economic liberalization reforms launched by President Vladimir Voronin and legislated by the Parliament on 27 April 2007.