FISCAL & BANKING

Presentation on theme: "FISCAL & BANKING"— Presentation transcript:

Slide1

FISCAL & BANKING REFORMS IN MOLDOVA

Parliamentary Assembly

Poland – Republic of Moldova

Warsaw, Poland – March 27,

2012

Ana GU

T

U

,

Member of Moldavian Parliament,

Liberal Party

BANKING SECTOR. LEGISLATION

27-Mar-12

Ana GUTU - Deputy, Liberal Party

BANKING SECTOR

.

EUROINTEGRATION - ASSOCIATION AGREEMENT

27-Mar-12

Ana GUTU - Deputy, Liberal Party

BANKING SECTOR.

EUROINTEGRATION -

Deep and Comprehensive Free Trade Area (

DCFTA)

27-Mar-12

Ana GUTU - Deputy, Liberal Party

BANKING SECTOR.

ENSURING FINANCIAL STABILITY

27-Mar-12

Ana GUTU - Deputy, Liberal Party

THE REFORM OF THE TAX SERVICE.

27-Mar-12

Ana GUTU - Deputy, Liberal Party

THE REFORM OF THE TAX SERVICE.

27-Mar-12

Ana GUTU - Deputy, Liberal Party

The Tax Code, as

a basis

for the

National Tax

Service activity, was exposed to the most significant changes.

Thus, by

an act of Parliament,

a chapter was introduced in

the Tax Code

regarding

the methods and indirect sources of estimation of

the taxable income of individuals.

Legislative, organizational

and institutional reform

THE REFORM OF THE TAX SERVICE.

27-Mar-12

Ana GUTU - Deputy, Liberal Party

For the first time, in 2011, the

Taxpayers’ Compliance Program

was developed on

the Risk

Management Model’s basis.

Compared

to 2010, in 2011

there was

a significant

growth

of

24

%,

on payments made by the

taxpayers that participated

in

this program.

In the framework of the RM Government’s European

I

ntegration policy, the National Tax Service established the

Taxpayers' Compliance Program for 2012

in accordance with European Commission's “Compliance Risk’s Management Guide” and International Monetary Fund’s proposals.

Modernization of taxpayers

c

ompliance

a

pproach

THE REFORM OF THE TAX SERVICE.

27-Mar-12

Ana GUTU - Deputy, Liberal Party

Efficient use of information technology

in tax administration

During 2011 an increasing number of taxpayers calculated and reported their tax liabilities online, trough the "e-Declaration" and "fast Declaration“ forms.

THE REFORM OF THE TAX SERVICE.

27-Mar-12

Ana GUTU - Deputy, Liberal Party

Improvement of human resources management

The National Tax Service Training Center was created to avoid occasional education and to increase the number and quality of regular trainings.

It is very important to mention that all achievements would not have been possible without the assistance and cooperation with such international organizations as the

World Bank, IMF, UNDP, SIDA, USAID / BIZTAR

etc.

NON-BANKING FINANCIAL MARKET

27-Mar-12

Ana GUTU - Deputy, Liberal Party

The Parliament of Republic of Moldova approved Act (Law) N.35 from 03.03.2011 for endorsing

“The non-banking financial market development strategy during 2011-2014”

and

“The actions plan for the enactment of the Non-banking financial market development strategy during 2011-2014”,

measures which confirm regulation and supervision responsibilities of the

National Securities Commission

in the field of insurance, securities and pension funds markets, credit bureaus, micro financing and leasing sector.

NON-BANKING FINANCIAL MARKET

27-Mar-12

Ana GUTU - Deputy, Liberal Party

PRIORITIES

Development and endorsement of the National Securities Commission bill following principles of international specialized organizations that include regulators in the field of securities, insurance and private pension funds.

NON-BANKING FINANCIAL MARKET

27-Mar-12

Ana GUTU - Deputy, Liberal Party

The primary objective of the

National Securities Commission (CNPF)

NON-BANKING FINANCIAL MARKET

27-Mar-12

Ana GUTU - Deputy, Liberal Party

LEGISLATIVE BASIS

CONCLUSIONS27-Mar-12Ana GUTU - Deputy, Liberal Party

The financial and banking sector reforms in Republic of Moldova were launched by the Alliance for European integration.

Financial and banking institutions participate actively in the negotiations for the Association Agreement with the EU.

The financial and banking markets are in need of a stimulus for attracting foreign investments and further support for small and middle sized enterprises by low interest crediting.

The financial and banking institutions are ready to integrate Poland’s positive experience in order to facilitate the surpassing of the global financial crisis.

THANK YOU FOR YOUR ATTENTION!Ana GUTUMember of the Parliament of Republic of Moldova

www.anagutu.net

agutu@ulim.md

27-Mar-12

Ana GUTU - Deputy, Liberal Party