OREANDA-NEWS. May 13, 2011. The Ministry of Economy discussed with the IMF its initiatives concerning creation of the encouraging, transparent and de-bureaucratized investment and business climate. During the discussions of implementation of the Memorandum on the Economic and Financial Policies of the Moldovan Government with the IMF assessment mission, the parties examined the agenda of medium-term policies, including elements of the regulatory and tax and budgetary policies, according to the Ministry of Economy of Moldova.

The parties also discussed many initiatives of the Ministry of Economy, a part of which has already been proposed to business. For example, they discussed the possibility of extending the mechanism of VAT compensation with purchase of new goods for investment all over the country starting from 2012 and eliminating the VAT compensation ceiling, the fact that will encourage growth of capital investment.

Additional incentives for increasing investment were also discussed. Another important moment – the possibility of applying a single facilitated tax for small and medium-sized enterprises. The parties reached the agreement to revise the fine system for tax infringements to ensure a more fair approach. Another initiative of the Ministry of Economy concerns trade liberalization and elimination of tariff and non-tariff barriers, especially with export.