OREANDA-NEWS. March 05, 2012. This is provided by amendments passed by the parliament in two readings at once. According to the amendments, employers are to pay to the Social Fund the 23% contribution on the basis of the doubled average monthly payroll, whereas young specialists are to pay the income tax calculated on the basis of the doubled average salary received in the economic sector. The income over 7,1 thousand leis is not to be taxed.

This exemption is planned to motivate young specialist to develop new businesses, new software for energy, industry, agriculture and other economic sectors. Authors of the draft law think IT companies to be a key element for the private sector of Moldova to develop, investments to increase, the project E – government project to be realized, new work places to be created and IT to penetrate in to Moldova’s society.

The authors believe the fiscal relief granted to IT companies by the law of Moldova the best not only in the region but all over the world. Veaceslav Ionita, chairman of the parliamentary commission on economy, budget and finance has stressed the amendments are aimed at preserving IT companies in Moldova and creating favorably working conditions for IT workers by giving them attractive wages.

IT is the only branch in Moldova which promotes export and imports nothing, bringing money to the state budget. “As passing this law and granting fiscal exemptions to economic agents, we will become more competitive in the IT domain, which will progress faster”, Veaceslav Ionita has said.