Monday, 6 October 2014
Notice
A number of technical problems have emerged following discussions held with the representatives of non-governmental organizations representing SME interests regarding the clause on mandatory documentation, which are mainly due to the 10-day deadline set for the stock-taking of goods purchased before the effectiveness of the legislative requirement.
After looking into the concerns voiced by economic entities, the government concluded that the stipulated time frames are problematic, concerning in particular:
(1) The amount of information needed to fill out the inventory form in case of large volumes of residual goods;
2) The lack of relevant form-filling skills in most economic entities.
In view of the above, the Prime Minister instructed the Minister of Finance as follows:
(a) to develop a draft law in 3 days’ time for National Assembly consideration, under which the deadline set for stock-taking will be extended until February 1, 2015 instead of early October, 2014;
(b) to submit proposals within a period of twenty days in order to simplify the inventory forms, organize training courses for businesses, as well as to take other necessary administrative steps.
