PwC Moldova: Tax and Legal Alert no.6

PwC Moldova: Tax and Legal Alert no.6

• 24.06.2016

Law on IT parks approved

23 June 2016

In brief

The Republic of Moldova Parliament has approved the Law on information technology (“IT”) parks. The law regulates the process of creating such parks, their operation and the incentives to their residents.

In detail

The purpose of the law is to establish the mechanism and processes necessary for developing the IT industry by creating new jobs with high added-value and by attracting local and foreign investment. Under this law, residents of the
parks could be legal persons or individuals registered in the Republic of Moldova as conducting entrepreneurial activity that carry out as their principal activity one or more of the following activities (based on CAEM rev.2):

- custom software activities (client-oriented software) (62.01);
- computer games editing activities (58.21);
- editing activities of other software products (58.29);
- management activities (management and exploitation) of calculation means (62.03);
- data processing, webpage administration and other related activities (63.11);

Read full text in English or Romanian

PricewaterhouseCoopers (PwC) Moldova

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. This network structure provides PwC member firms with the flexibility to operate simultaneously as local businesses, but also on a global scale, creating a platform through which member firms share knowledge, skills and resources and delivery services of consistently high quality to international and local clients. PwC started operations in Moldova in 1996. It has continuously expanded the scope of its services and currently offers a full range of professional services to both international and Moldovan enterprises. Overseen by 16 partners and employing over 600 specialists and support staff, PwC operates in Romania and Moldova from a network of four offices in Bucharest, Timisoara, Cluj-Napoca, Constanta and Chisinau.