The fiscal policy for 2013 needs improvements

In Moldova doesn’t exist a fiscal policy and any analysis of the impact of amendments to tax legislation. This conclusion was made by  fiscal policy roundtable participants, held at IDIS "Viitorul", with the participation of the National Business Agenda. Participants noted that the provisions of tax policy are, in fact, only technical amendments. In this area there are only technical documents relating to taxes, but there doesn’t exist a policy document. Lack of a fiscal policy is exacerbated by the lack of the purpose, methods and visions in this field.

At the same time, experts believe that is important that the fiscal policy should not be developed only by ministries, but together with the business. The business sector must be active and propose his suggestions to the Ministry of Finance about the goals, policy objectives and their realization. Business representatives argue that fiscal policy applied procedures don’t correspond to fiscal principles. One reason cited is the lack of a strengthened relationship between business and authorities. Currently, consultations between authorities and business associations have a purely formal character. At the same time, business needs to be promoted more active.

Roundtable participants presented a series of recommendations including: strengthening the expertise capacity of associations, so that they could make proper proposals; the creation of independent councils of experts to examine monitor normative acts and to monitor the implementation of legal acts on taxation; representation of business associations members in the Economic Council under the Government; settling correctly business priorities and promote these priorities; active involvement of business in developing the fiscal policy for 2013; the fiscal policy for 2013 to be a complex document, not just a technical one; to propose the requirement that by 2013 to be reviewed all legislation on tax policy and ,where there are major contradictions, to eliminate them; developing a normative basis for dialogue between business and authorities; the participation of businesses to evaluate the impact of policies and laws.

For more details contact the Public Relations Coordinator, Diana Lungu on telephone 221 844 or by e-mail diana.lungu@viitorul.org