FIRST APPROVAL TO THE PENALISATION OF THE TAX EVASION

FIRST APPROVAL TO THE PENALISATION OF THE TAX EVASION

The Government, Justice and Constitutional Affairs Committee approved the project of the law no. 591 on the penalization of tax evasion and money laundering.

For tax evasions, prison terms can vary from 2 to 4 years and are applied once the amount evaded exceeds $ 300 thousand in a year (jail can be avoided by paying the sum evaded).

The penalty for money laundering can vary from 2 to 4 or from 5 to 12 years depending on the type of money laundering.

If the approval of these rules is not completed by the end of this year, the country could enter in the Gray List of the Financial Action Group.

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