KPMG Moldova: New amendments brought to the Fiscal and Customs Policy for 2015

KPMG Moldova: New amendments brought to the Fiscal and Customs Policy for 2015

• 08.05.2015

Please find bellow a summary of the most important proposed changes published in the Official Journal of the Republic of Moldova no. 102-104:

Amendments of the Law no. 146-XIII of 16 June 1994 regarding state companies
Under the proposed changes, the list of audit companies dealing with auditing the annual financial statements of state companies, will be approved annually by the Ministry of Finance. Moreover, the appendix to the license for the audit activities should include at least 2 qualified auditors and their experience should be demonstrated by a minimum of 10 audit missions annually.

Amendments of the Law no. 1134-XIII of 2 April 1997 regarding joint-stock companies
Under the proposed changes, the list of audit companies dealing with auditing the annual financial statements of the companies in which the state share exceeds 50% of the share capital, will be approved annually by the Ministry of Finance. Moreover, the appendix to the license for the audit activities should include at least 2 qualified auditors and their experience should be demonstrated by a minimum of 10 audit missions annually.

View the annex for more details in English and Romanian
 

KPMG Moldova

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG operates in more than 155 countries and has over 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. In Romania, KPMG was founded in 1994 and now operates from six offices, in Bucharest, Timisoara, Cluj Napoca, Iasi, Constanta and in Chisinau (the Republic of Moldova) since 1997. The practice has more than 800 staff, including 18 Partners, both Romanian and expatriates from the Canada, France, Israel, Sweden etc.