The WB is restructuring the current project to modernize the tax administration of Moldova (TAMP) in the amount of $ 15 million
And will channel these funds to help the business environment in the fight against the consequences of the COVID-19 pandemic under 2 programs. This is provided for by the amendments to the financial agreement with the International Development Association and to the loan agreement with the International Bank for Reconstruction and Development for the implementation of the Tax Administration Modernization (TAMP) project, signed in Chisinau on June 28, 2016, ratified by the Moldovan parliament on Thursday. The bank decided to support the business environment in Moldova through the implementation of two business support programs to provide an effective response to the COVID-19 pandemic. The signed and ratified amendments aim to expand the original TAMP project goals of improving revenue collection, taxpayer services and tax compliance by supporting the Moldovan government in implementing measures to support the business environment, including maintaining employment in the context of the COVID-19 pandemic. In this sense, the restructuring of the project components will contribute to the introduction of 2 programs to support entrepreneurship: a mechanism for subsidizing salary payments and a VAT refund program. Thus, $ 15 million has been carried over to results-based financing under a new component included in the project. // 26.11.2020 — InfoMarket.
