Tax monopoly will be introduced in Moldova and a National Tax Monopoly Commission will be established.
This is provided for by the relevant amendments to the Law on Entrepreneurship and Enterprises, which were adopted by the Parliament in the second reading. It is planned that the government will be able to grant a tax monopoly status to an enterprise or group of enterprises to carry out exclusively economic activities related to goods, services, a group of goods or a group of services for the purpose of generating revenue for the state. The monopoly status will only be granted to a legal entity with wholly or predominantly state capital. It is stipulated that from the moment when the share of state capital becomes a minority, the company loses the status of a tax monopoly and all exclusive rights secured by the tax monopoly status become invalid. The document provides for the establishment of the National Commission on Tax Monopoly, which will identify the need to establish a tax monopoly on certain economic activities. The Commission will analyze and assess the impact of tax monopoly status, highlighting the advantages and disadvantages of economic and other factors in the short, medium and long term. The Commission will also annually monitor and evaluate the economic sector in which an enterprise or group of enterprises that has been granted fiscal monopoly status is active and report to the government, and will propose to the government to revoke the fiscal monopoly status of an enterprise or group of enterprises that has been granted fiscal monopoly status in case of deviations from specific rules governing activities established by the regulation that has been granted fiscal monopoly status or at the moment of suppression of the circumstances determining the need to establish a tax monopoly. Fiscal monopoly status does not exempt an enterprise from the obligation to hold the permits required by law. An enterprise or group of enterprises that has been granted the status of fiscal monopoly shall be prohibited from undertaking actions that may lead to the deterioration of the quality of activities related to fiscal monopoly or to its suspension. // 28.07.2022 - InfoMarket
