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Moldova Joining The E-Invoicing Revolution
The Republic of Moldova, located in the central part of Europe in the northeastern Balkans, recently mandated the implementation of electronic invoicing in that nation as of September 1, 2014. Lurie Leanca, The Republic’s Prime Minister, has instructed the Republic’s State Tax Inspectorate (STI) to connect 150 public institutions to an automated electronic invoicing system by that date.
The STI will also organize a training program in August, 2014 on the use of the new payment system for the representatives of central authorities and other entities.
Following the training, ministries and central public administration authorities serving the Moldovian government and autonomous public institutions will be required to inform other organizations within their jurisdiction about the Republic’s new e-invoicing requirements.
Until September 1, the STI will oversee the transition to the new system within government ministries and autonomous public institutions.
The goal of the new payment system is to promote the use of electronic invoicing within the government and related agencies, leading to its subsequent implementation by public entities. According to a press release issued by the Moldovian government, the new measures are also designed to limit the risk of corruption in the procurement process, increase transparency of public institutions and reduce their administrative costs.