THE EVOLUTION AND THE ACCOUNTING OF THE CORPORATE INCOME TAX IN THE REPUBLIC OF MOLDOVA
THE EVOLUTION AND THE ACCOUNTING OF THE CORPORATE INCOME TAX IN THE REPUBLIC OF MOLDOVA

Summary/Abstract: In this research we will examine the income tax for legal entities in the Republic of Moldova since the Independence (1991) to nowadays. In addition to the emergence and evolution of corporate income tax, we will examine the application issues of the tax mechanism, comparing practices in the Republic of Moldova with the best known practices of other countries. The signing of the Association Agreement with the European Union and the tendency to align the laws of the Republic of Moldova with international standards and practices amplified the importance of studying the issue of income tax mechanism for legal entities in the Republic of Moldova and made it absolutely necessary in order to develop and harmonize the taxation system. In this context, we mention that tax legislation and accounting standarts require a metamorphosis, in order to be adjusted to international practices. Considering the long and varied application of this tax instrument by the states that have gone through similar steps towards harmonizing the taxation system, we have every confidence that it will allow Moldova to accelerate efficiently and with fewer obstacles in order to achieve the set goals.

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