OREANDA-NEWS. On April 04, 2008 as one of the authors of the bill Sergiu Puscuta (ex-chief of the general state Inspection) noted at the meting of the government, the legislative amendments regulating this procedure has been prepared.

According to them, it is suggested to establish transparent conditions under which the procedure of cancellation of tax liabilities will be applied. Thus, facilitated procedure of cancellation of debts presupposes that they should not be accumulated in the result of actions subjected to Criminal Code, such as tax evasion.

At the same time, the criteria, which will be considered when evaluating these debts, are established: failure to present accounts in 24 months and failure of performing transactions through the bank accounts. It is also suggested that legal entity-debtor would not have the right to be the founder of another company.

Puscuta noted that facilitated procedure of cancellation of the debts would be applied only in case of the debts to the state budget, budgets of administrative units and the Fund of mandatory medical insurance, and does not involve cancellation of debts to the state social insurance budget.

The Minister of Economy and Commerce Igor Dodon said that facilitated procedure of cancellation of debts to the state budget is necessary because many businesses can not be liquidated as their debts had been accumulated 4-5 years ago. The current procedure leads to accumulation of debts and very complex liquidation process.