New Law on foreigners in the Republic of Moldova adopted

New Law on foreigners in the Republic of Moldova adopted
New rules on bank secrecy
Changes to labor law
List of professions for which a 12 hour working day is allowed has been broadened
Changes to accounting and calculation of depreciation of fixed assets for tax purposes
New standard forms confirming residency and income tax payment by non-residents in Moldova adopted

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© 2010 KPMG Moldova S.R.L., a Moldovan limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Moldova.

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© 2012 KPMG Moldova S.R.L., a Moldovan limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.