Moldovan authorities propose to introduce fiscal monopoly on market of scrap metal

Chisinau, 23 August /MOLDPRES/ - The Economic Development and Digitalization Ministry (MDED) considers the opportunity of establishing a state monopoly on the activity of delivery of remains and waste of ferrous and non-ferrous metals to economic agents which are on the territory of Moldova, and which have no fiscal relations with its budgetary system. A decision to this effect was announced today, taking into account the developments in the sector of scrap metals market.  

„By establishing a fiscal monopoly, we create a mechanism, through which certain enterprises from Moldova get exclusive right to carry out a specific economic activity related to the production or delivery of certain assets or services,’’ reads a press release by MDED.      

According to the quoted source, this mechanism can be implemented in the sectors in which the state’s intervention is needed, in order to correct the competition-related deficiencies or to consolidate the control over a market of national or strategic importance.

The goal of this instrument is to protect the citizens and the society, through promoting the public interest as regards the economic activity carried out by economic actors, as well as to make a significant contribution to the increase in the state budget revenues.   

In late 2022, the National Commission for Fiscal Monopoly was created, with the role to recommend that the government gives the status of fiscal monopoly to an enterprise or group of enterprises. The Commission will annually supervise and assess the economic sector where these entities work, which were given the status of fiscal monopoly and will propose the cabinet to cancel this status, if infringements of the norms established are found out.  

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