OREANDA-NEWS. June 08, 2011. Introduction of the profit tax in Moldova will not affect the country’s investment climate, - Tokhir Mirzoev. The IMF Mission in Moldova Representative said it during the meeting of the Press Club. He said the necessity of introducing the tax profit had been discussed as early as signing the Memorandum of Moldova with the IMF, that is why this news should not be unexpected for the business environment.

Tokhir Mirzoev stressed that this measure is aimed at supporting the country’s budget and by no means will affect Moldova’s investment attractiveness. “The system of encouraging investors, providing different preferences and tax ease to them needs to be abandoned. Investors should be attracted by simple, comprehensible rules and transparent conditions”, said the IMF Representative in Moldova, noting that the profit tax proposed by the Ministry of Finance in the amount of 12% is one of the lowest in the region.

As it was reported earlier, the zero profit tax rate has been applied in Moldova since 2007. This measure, along with the capital amnesty, aimed to increase capitalization of the country’s economy, to intensify the investment process, to cut inflation, to legalize shadow economy. The single rate of the profit tax in the amount of 12% will be introduced in Moldova starting from January 1, 2012.