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World Bank Helps Moldova To Modernize Tax System

by Ulrika Lomas, Tax-News.com, Brussels

07 June 2016


The World Bank's Board of Executive Directors has approved USD20m in financing for a tax administration modernization scheme in Moldova.

According to the World Bank, the project will support "the fundamental restructuring of the tax administration system, by implementing a centralized and unified tax system to improve revenue collection, tax compliance, and taxpayer services."

The World Bank noted that the recent introduction of an electronic tax declaration system has already brought about a substantial improvement in the amount of time taken to file and pay taxes in Moldova. However, it also observed that the country's taxpayers continue to complain about a lack of transparency in the tax system. In particular, members of the business community who were interviewed as part of the project said clear guidance on tax policy and procedures, clarity on rules and procedures for audits and appeals, and access to information on the appeals process were all lacking.

"Moldova's goal is a modern, computerized tax service where everybody can see the rules and plays by them," said Alexander Kremer, World Bank Country Manager for Moldova. "The result will be less hassle for the taxpayer and more tax collected for schools, medicines, and roads."

TAGS: compliance | tax | business | tax compliance | audit | Moldova | services

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