In Moldova, the procedure for the alienation and registration of real estate will be simplified.

  

In particular, for the certification of alienation contracts and the pledge of property subject to registration, individuals and legal entities no longer need to submit to the notary a certificate of the State Tax Service certificate on the absence or existence of debts to the budget for this property, other mandatory payments to the state budget for this property. This includes amendments to the law on the notary, which the parliament adopted on first reading.

According to the proposed new version of Article 51 "Certification of alienation contracts and pledge of property subject to registration," it will be sufficient to present documents confirming ownership of this property and extracts from the registry of pledges about the absence of a pledge of such property to certify such contracts. In the opinion of the authors of the bill, excluding the need to present to the notary for certification of contracts of alienation and pledge of property certificates from the STS on the absence or presence of debt to the budget for this property will reduce the time and costs of citizens to purchase and sale transactions and property registration. They noted that the obligation to provide a certificate on the absence or presence of debt to the budget for alienated property does not in any way interfere with the completion of a transaction on the purchase and sale of real estate and does not help collect debts to the budget, is only a bureaucratic barrier, informing, at best, about the availability of debt, which the parties can agree on their own, as well as on other debts for housing and communal services. The presence of debt to the budget for alienated real estate is not grounds for refusing to certify the transaction.

It was also stressed that the existing tax arrears can not be exempted, and the STS has other, more effective levers for collecting debts to the budget than a notary's representation of a certificate of absence or existence of a debt to the budget for the alienated property. It is also noted that the State Tax Service does not have a complete tax cadastre at the national level, since real estate in the rural sector has not been evaluated. Accounting for this property and taxes levied from them is carried out by the collection of taxes and duties at the mayor's offices. The latter, in turn, do not have complete information systems that allow notaries to access information on tax debts. According to the Doing Business report, registration of property in Moldova for legal entities provides for 5 procedures that last 5.5 days and cost about 0.9% of the property value. In the country annually about 400 thousand people carry out transactions with real estate. 

20.04.2018 - InfoMarket.

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