Moldovan official journal roundup for today

Chisinau, Oct 11 /MOLDPRES/- Head of State Maia Sandu's decree on starting negotiations on the draft agreement between the Republic of Moldova and the Federal Republic of Germany on the removal of double taxation on income and capital taxes and the prevention of tax evasion and tax fraud was published in the Official Journal today and entered into force.

Under the decree, the official delegation for the negotiation of the draft agreement will be headed by State Secretary of the Ministry of Finance Cristina Ixari. She is also authorized to initial the negotiated text of the nominated agreement.

The avoidance of double taxation is a bilateral instrument aimed at removing economic difficulties. The document will determine which contracting state will have the right to tax the taxpayer, based on the type of income and will contain regulations on the mutual agreement procedure.

According to the authorities, the agreement's implementation will make our country more attractive for German investors, as it creates a favorable legal and fiscal framework for starting or developing business in Moldova.

So far, the Republic of Moldova has concluded agreements or conventions for the avoidance of double taxation with 51 countries.