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Round table discussions at the Ministry of Economy

July 5, 2010

Tax and Legal Committee represented Amcham at the round table discussions organized by Ministry of Economy. Round table was headed by Deputy Minister of Economy, Mr. Sergiu Ciobanu, and was primarily focused on the matters related to import of production equipment free of import duties.It is worthwhile mentioning that currently exemption from VAT and customs duty is possible in case the production equpment or other fixed assets are introduced in the statutory capital. Still, this opportunity is problematic, since the procedure of increasing the statutory capital is burdensome and generally it is difficult to avail of this opportunity, taking into consideration potential costs, time constraints, etc. This is the reason why Ministry of Economy envisages implementing other procedure to import production equipment free of import duties. AmCham is honoured to offer its full support in elaboration of this new procedure.At the round table discussions Tax & Legal Committee was respresented by PricewaterhouseCoopers and Moldcell. AmCham takes this opportunity to thank all participants for their active involvement. If you would like to be part of the Committee or have any questions concerning its activity, please contact Serghei Toncu, Project Manager, at 211 781 or sergheitoncu@amcham.md


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