The draft budgetary-fiscal and customs policy for 2016 is to be adopted by Parliament and published in the Official Gazette by the end of April, the head of the parliamentary commission on economy, budget and finance Stefan Creanga said in the March 28 meeting of the working group consisting of MPs, representatives of the business community and civil society, IPN reports.

Stefan Creanga asked the group members to state their opinions and formulate proposals for improving the draft policy during the two-day meeting. The reasonable proposals will be included in the document.

Minister of Finance Octavian Armasu, who presented the document, said the draft budgetary-fiscal and customs policy for 2016 is aimed at building a socially oriented state and at creating favorable working conditions for the business sector, for development and economic growth. Another objective is to promote simple and equitable mechanisms for taxing private individuals so as to ensure the correct distribution of incomes and social solidarity.

The minister noted that the tax rates for business entities will not be raised, but the period for reporting losses sustained by these will be increased from three to seven years by excluding the yearly spreading in equal parts. There were also reviewed the costs for vehicles used by different categories of company managers and a number of constraints were eliminated, but each manager will be able to deduct the costs for maintaining only one car.

MP Oleg Reidman welcomed the extension of the loss reporting period, but said that this should be prolonged to five years, not seven. He and other group members noted that the refunding of the VAT, customs duties and excise duties for clearing the debts of the taxable entity, not yet of the private individuals and legal entities that ceded the debts to the taxable entity would represent direct interference by the state in the activity of business entities.

According to MP Chiril Lucinschi, there is no certainty that the ban on the cession of the debts to the national public budget will exclude the implementation of abusive mechanisms by taxpayers, when the refunding terms are not respected.

The working group members proposed that the budgetary-fiscal and customs policy measures that will be implemented starting with 2017 should be excluded from the bill and asked that the draft fiscal policy for the next year should be presented in July, as planned.