December 29, 2020 – Parliament reduced the value added tax for the HORECA sector from 15% to 12%. The implementation of this measure aims to support the sector in overcoming the effects of the crisis generated by the pandemic. Studies conducted by Moldovan business associations in 2020 have shown that one of the sectors most […]
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Measures to stop brain drain from IT
December 29, 2020 – The Parliament extended by another 3 years the term of application of the fiscal facilities to the income tax provided for the employees whose basic activity is “realization of programs”. The deadline for applying these facilities expires in 2020. The business associations in the field addressed this topic during the elaboration […]
Employers will be able to deduct the expenses incurred for testing employees at COVID-19
28 December 2020 – From January 1, 2020, it is allowed to deduct the expenses incurred by the employer for testing employees in order to detect the presence of SARS-CoV-2 virus, and the payments are non-taxable sources of income for employees. In the summer of 2020, the Secretariat of the Economic Council prepared the Impact […]
The deadline for submitting the financial statement and the audit report to economic operators has been extended
27 December 2020 – Companies, other than those of public interest, will no longer have to present in a hurry – within 120 days from the last day of the management period, the financial situation and the audit report. Changes in this regard have been made by Parliament in the budgetary-fiscal policy for 2021. According to […]
The government’s entrepreneurial portal has been launched
December 8, 2020 – The governmental portal of the entrepreneur is available for all business people who have an electronic signature and can be accessed on www.mcabinet.gov.md. Here are available two offices that can be accessed through authentication – the office of the individual, and the office of the entrepreneur, which includes five blocks of […]
Partnership for the development of the economy of the Republic of Moldova
December 3, 2020 – The Public Institution “Electronic Government Agency” (AGE) and the Secretariat of the Economic Council to the Prime Minister of the Republic of Moldova (SCE) signed a Memorandum of Cooperation, which aims to contribute to the quality of dialogue between business and community representatives government decision makers in the Republic of Moldova. […]
The conditions for opening nurseries for employees’ children are not attractive to entrepreneurs
26 November 2020 – One of the documents on the basis of which the preschool institutions in Moldova operate is the Regulation on the organization and functioning of the early education institution. Although companies are not prohibited from opening nurseries for employees’ children, the document contains unfulfilled provisions for the private sector. These and other […]
The business avoids online commerce because of the high fees for online transactions
November 24, 2020 – Small businesses in Moldova prefer to sell their products and services on cash because the rates for online card transactions are very high. Today, banks charge up to 5% for every payment made online. That is, for every 10,000 lei that the economic agent trades through the card, 500 lei remain […]
How effective is business dialogue with state authorities in promoting reforms?
November 20, 2020 – The vision of the associative sector on the efficiency of the G2B dialogue was shared by the representatives of 5 business associations from Moldova, at the panel “Business a partner in promoting state reforms” during the Moldova Business Week 2020 event. According to Mila Malarău, the executive director of the American […]
Opening ceremony of the mediation centre
November 19, 2020 – The International Development Law Organization (IDLO), in partnership with the European Bank for Reconstruction and Development (EBRD) and with the financial support of the United States Agency for International Development (USAID), organized the opening of the Mediation Centre under the Chamber of Commerce and Industry of the Republic of Moldova. The […]
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