
Moldova to ratify multilateral agreement for automatic exchange of information on financial accounts
Chisinau, 26 January /MOLDPRES/ - The government today approved a draft law for the ratification of the multilateral agreement, which allows exchange of information, in order to identify private people or legal entities who evade the declaring of incomes and payment of taxes, through the transfer of money to accounts from abroad. Due to these exchanges of information, the State Fiscal Service (SFS) will have a general picture about the balances or value of the accounts held abroad by Moldova’s residents,’’ the government’s communication and protocol department has reported.
The agreement, which was adopted in 108 countries, will help Moldova generate additional fiscal revenues, having possibility to identify cases of fiscal evasion and ensure the enhancement of the fiscal compliance.
Under the document, Moldova will be able to exchange information starting from September 2023. The exchange of information will be made in line with the provisions of the Law No 133/2011 on the protection of personal data.
The implementation of the aforementioned agreement comes from the need of aligning with the international standards of carrying out exchange of information on fiscal purposes, given that, in November 2016, Moldova became member of the Global Forum of the Organization for Cooperation and Economic Development as to the transparency and exchange of information on fiscal purposes.
The agreement was signed in Berlin on 29 October 2014.
Photo: Government
Moldovan president received by Italian head of state in Rome
Modern vegetable growing in Causeni: Moldovan PM discusses with agricultural business owners
Pupils from all over Moldova, teachers from United Kingdom visited Moldova's Presidency
Moldovan driving licenses to be recognized in United Kingdom
Government invests in energy efficiency for 15 schools of Moldova
New measures taken forests' protection in Moldova: increased compensation for illegal logging
Confiscated goods, money from crimes to be used on social, public interest purposes in Moldova
Better roads in southern region: Moldova Roads III Project continues
Thirty five local public authorities of Moldova to benefit from non-refundable funding worth 10 million lei
Over 1,400 children of Moldova participate in European Excursion educational programme, second edition
Nicolae Testemitanu Medical University of Moldova starts admission for bachelor, integrated, master's studies for native citizens
Moldovan MP says parliament voted laws to stabilize economy against external shocks
Moldova, Sweden to strengthen bilateral cooperation
Moldovan parliament speaker attends opening of Alexandru Mosanu lecture room at State University of Moldova
Politicians of Moldova's Dignity and Truth Platform join team of Action and Solidarity Party for parliamentary elections
Romania reaffirms support for Moldova on all fronts
Moldovan president tells Austrian daily: if Russia takes power in Moldova, country to become base for hybrid warfare against EU
United Nations Children's Fund donates 140 laptops to strengthen primary healthcare in Moldova
INTERVIEW MOLDPRES // Moldovan parliament speaker says mandate full of challenges; leadership had to deliver more than promised
Italy third most important trading partner of Moldova in EU
Moldova first Eastern Partnership country to approve national smart specialization programme
Judicial experts from Moldova, Ukraine, Romania assemble in Chisinau to discuss strengthening judicial independence, accountability in current regional context
Documentary film on deportations from Moldova to be screened on parliament's square
Moldovan president to pay working visit to United Kingdom; Moldovans settled in UK invited to discussions
Application promoting sustainable tourism launched in Moldova