For this purpose, it is proposed to amend the Law on Accounting and Financial Reporting No. 287/2017.
It is planned to adjust the size criteria for the classification of objects by increasing the maximum limits of assets and turnover.
Thus, for microenterprises, it is proposed to increase the size of assets from the current 5.6 to 8.5 million lei, and the annual sales volume from 11.2 to 17 million lei. For small companies, these limits will be extended from 63.6 million to 95 million lei and from 127.2 million to 190 million lei, respectively.
A company with assets up to 480 million lei (currently – 318 million lei) and sales up to 960 million lei (currently – 636 million lei) will be considered medium-sized.
And large companies will be those whose assets and turnover exceed the above-mentioned limits.
The Finance Ministry believes that raising the thresholds will allow more organizations to prepare simplified and reduced financial statements.
Now in Moldova 61 632 companies fall into the category of “micro”, after the reform their number will increase to 63 015. Accordingly, their share in the total number of registered economic entities will increase from 89.68% to 91.69%.
The share of small enterprises will decrease from 8.95% (6,152 units) to 7.31% (5,024).
The number of medium-sized enterprises will also decrease, from 791 (1.15%) to 582 (0.85%).
Large companies will remain 104 (0.15%) instead of the current 150 (0.22%).
At the same time, the criteria for the number of employees will not change: “micro” – up to 10 employees, “small” – up to 50, “medium” – up to 250 and large – more than 250 people.
The project has been put up for public discussion.
