Danubius International Conferences, 11th International Conference The Danube - Axis of European Identity
The Modernization of the Fiscal Policy in the Republic of Moldova - A Sine Qua Non Condition for the European Integration Process
Last modified: 2021-06-24
Abstract
The modernization of the fiscal policy in the Republic of Moldova in aims at streamlining its taxation system order to harmonize with the European legislation. This process is urgently needed not only in the context of the EU integration negotiation process, but also seeing that it is a requirement for the Republic of Moldova as it is a part of the Deep and Comprehensive Free Trade Agreement (DCFTA). The efficiency of the fiscal policy aims to achieve an optimal ratio between the incentive and the fiscal function of taxes, hence the minimization of the costs of applying the fiscal legislation for both the state and the taxpayers must be considered in addition to the aspect of fiscal equity. A modern fiscal policy in line with current European developments will allow the country a sustainable economic growth and a bigger possibility of integration and cooperation with the EU within the mix of the national tax systems of the Member States.
