Legal regime for charitable and sponsorship activities will be simplified in Moldova.
This is provided for by the amendments to the Law on Charity and Sponsorship adopted by the Parliament in the first reading in order to eliminate gaps and ambiguous provisions from the law. As noted, the current Law on Charity and Sponsorship adopted 20 years ago is largely outdated, it is not adapted to current social realities, and also does not clearly regulate sponsorship and charity activities. In particular, there is no clear distinction between patronage and sponsorship. In addition, in the absence of rules on sponsorship/charity, including mechanisms for carrying out the mentioned activities, nonprofit organizations do not use them or use them very rarely. At the same time, the new amendments approved by the Parliament clarify the legal regime of charitable and sponsorship activities. They exclude provisions that have become invalid or inapplicable. The new draft law gives clearer definitions of the concepts of charity, sponsorship, benefactor, patron, sponsor, and beneficiary of charity and sponsorship. In addition, the list of areas of charitable and sponsorship activities has been revised and expanded; clearer rules have been established for accounting and the procedure for using donations, transparency of charitable activities and sponsorship, etc. The consequences of violating the legislation on charity and sponsorship are also explicitly stated. At the same time, the provisions on non-commercial organizations will be abolished, including the procedure for establishment, liquidation and implementation of charitable organizations. Cancellation of these provisions and liquidation of such non-commercial organizations as charitable organizations is justified by the fact that the goals of their creation can be achieved in accordance with the provisions of the current legislation through other types of non-commercial organizations (for example, public associations, foundations, etc.). // 27.05.2022 - InfoMarket
