Tax revenues are one of the largest sources of income for the Georgian budget. At the same time, the tax administration itself is simpler than ever- thanks to the “one window” principle.
The Georgian Ministry of Finance has got off the ground the implementation of the “zero window” project. This project involves the complete automation of the income declaration process, which implies the automatic declaration of amounts received on the accounts of business organizations. It will eliminate taxpayers from the routine procedures for filling out declarations and paying taxes.
After the introduction of the new system, it is expected that the risk of errors will be reduced to zero as well as the number of tax evaders will decrease.
For further information please contact Ms. Irina Lopatina, Country Executive at our Eurofast office in Tbilisi, Georgia at email@example.com
Eurofast is a regional business advisory organisation employing local advisors in over 23 cities in South East Europe & the Middle East (SEEME). The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services in Tax & Transfer Pricing – Payroll & Employment – Accounting & Audit – Advisory & Corporate.