Business Guide to Moldova - PricewaterhouseCoopers 2006
BUSINESS GUIDE TO MOLDOVA – 2006 - PricewaterhouseCoopers.
Brief Table of Contents
Chapter 1: Moldova: a Profile
Chapter 2: Business Environment
Chapter 3: Foreign Investment, Privatisation and Foreign Trade
Chapter 4: Banking and Finance
Chapter 5: Corporate and Business Law
Chapter 6: Labor Relations and Social Security
Chapter 7: Accounting and Audit Requirements and Regulations
Chapter 8: Taxation of Corporations
Chapter 9: Taxation of Individuals
Chapter 10: Indirect Taxation
Chapter 11: Introduction to PricewaterhouseCoopers
Appendices
Expanded Table of Contents
BUSINESS GUIDE TO MOLDOVA – 2006 - PricewaterhouseCoopers.
Chapter 1: Moldova: a Profile
1.1 General Description
1.2 Political system
1.3 Population and Urbanization
1.4 Language
1.5 Education
1.6 The Economy
1.7 Transport and Communications: Transport, Communications
1.8 Business Visitors: Visa Requirements, Currency, Statutory Holidays
Chapter 2: Business Environment
2.1 Business Climate
2.2 The Aims of Government Policy
2.3 Free Trade Zones
2.4 Small and Medium-Sized Business
2.5 Participation in International Organisations: Support from International Financial Institutions
2.6 Land Ownership
2.7 The Property Market
Chapter 3: Foreign Investment, Privatisation and Foreign Trade
3.1 Foreign Investments: Current Investment Overview
3.2 Foreign Investors Association
3.3 Rights and Guarantees
3.4 Privatization
3.5 Foreign Trade
Chapter 4: Banking and Finance
4.1 The Banking System
4.2 The National Bank of Moldova (NBM)
4.3 The Foreign Exchange Market
4.4 Banking Market: Credit activity, Repatriation
4.5 Financial Markets: Primary Market of State Securities, Secondary Market of State Securities, Insurance Market
Chapter 5: Corporate and Business Law
5.1 Legal Framework
5.2 Forms of Business Organization: Joint Stock Company (SA), Limited Liability Company (SRL)
5.3 Enterprises with Foreign Investment (including joint ventures): Subsidiary and Representative office, Registration
Chapter 6: Labor Relations and Social Security
6.1 Labor Relations: Availability of Labor, Employer/Employee Relations, Trade Unions
6.2 Working Conditions: Wages and other Salary Rights, Working Hours, Paid Holidays and Vacations, Equal Opportunities, Health and Safety, Termination of Employment
6.3 The Social Insurance System: Coverage, Contributions,
6.4 Foreign Personnel: Work and Residence Permits, Medical Insurance, Living Conditions
Chapter 7: Accounting and Audit Requirements and Regulations
7.1 Background
7.2 Accounting: Moving Towards International Accounting Standards, Current Regulations
7.3 The Chart of Accounts
7.4 Preparation and Approval of Financial Statements: Legal Requirements, Auditing Standards for Legally, Required Audits, Audit Opinions Issued Under Moldovan Law, Securities Commissions Requirements
Chapter 8: Taxation of Corporations
8.1 Background
8.2 Corporate Income Tax System: General, Territoriality,
8.3 Tax Exemptions: Small Business Companies, Investment tax incentives, Free Entrepreneurial Zones, IT companies, Farming entities
8.4 Taxable Base: Certain non-taxable Sources of Income, Interest, Royalties, Dividends and Service fees, Capital Gains and Losses, Deductible Expenses, Interest Expenditure, Other Expenses, Loss carry forward, Deduction of Expenses by a Permanent Establishment, Limited Deductions, Non-deductible expenses
Tax Computations, Withholding tax on payments to residents, Withholding tax on payments to non-residents, Double Taxation Agreements
8.5 Other Taxes: Tax on immovable property, Tax on advertising placement, Land Improvement Duty, Taxes on Natural Resources
Chapter 9: Taxation of Individuals
9.1 Income Tax System: General, Territoriality and Residence
9.2 Gross Income: Employee’s Gross Income, Capital Gains and Loses, Taxation of Non-residents, Exemptions and Deductions, Tax Administrations
9.3 Other Taxes: Social Security Contributions, Medical Insurance Contributions
Chapter 10: Indirect Taxation
10.1 Value Added Tax (VAT): The Scope of VAT, Rates of VAT, VAT Exemptions, Import VAT, VAT for Transit and Temporary Imported Goods, Input VAT Deductions, VAT Refund, Non-deductible Input VAT, VAT Administration
10.2 Customs Duties: Overview, Customs Duties, Preferential Customs Treatment, Customs Regime for Individuals
10.3 Other Indirect Taxes: Excise Duties
Chapter 11: Introduction to PricewaterhouseCoopers
PricewaterhouseCoopers in Moldova
Assurance Services
Advisory Services
Tax and Legal Advisory Services
Appendices
Appendix I Government Ministries & Bureaux
Appendix II Bilateral Investment Treaties
Appendix III Major Banks Operating in Moldova
Appendix IV Hotels and Restaurants
Appendix V List of Current Accounting Standards
Appendix VI Major Differences between the Practical Implementation of
International Accounting Standards and National
Accounting Standards and National Accounting Standards
Appendix VII Chart of Accounts
Appendix VIII National Standards on Auditing
Appendix IX Double Taxation Treaties to which Moldova is a Party
Appendix X Excise Tax for Imported and Domestic Products
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