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Moldova Tax on Reinvested ProfitsNovember 2009 The Moldovan government plans to impose a 10% tax on reinvested profits .Currently reinvested profits are tax exempt. The plan is strongly opposed by Moldovan producers, claiming that reinvesting profits in new advanced technologies is a must in order to compete the global crisis. The government also plans to increase excise duties on tobacco, petrol and luxury cars by 20%, in order to access a three year financing of $ 590m by the International Monetary Fund, IMF. |
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