Absolutely all entrepreneurs in Georgia will be able to count on tax breaks in 2021. The Minister of Finance, Mr. Ivane Machavariani, outlined five main components of an aid package for businesses hit by the pandemic. Income tax relief Income tax benefits have been extended for…
The Georgian Government has developed a new anti-crisis package, within the framework of which it will provide all possible assistance to residents and businesses in an extremely difficult epidemiological situation in the country. The Minister of Economy Natia Turnava has…
The Georgian Finance Minister, Vano Matchavariani, recently announced that companies offering IT and maritime services that apply for, and obtain, the status of an international company within the country, will be able to enjoy favourable terms of taxation in Georgia….
[print_link] Georgia is one of the few countries that has established itself as a “Covid-safe” country and the country’s government is doing everything it can in order not to lose this status. However, today’s reality is such that we all…
100 years after the Spanish flu, a new pandemic strikes the world, impeding free movement, considerably slowing down the world economy as well as seriously restricting the rights of the population. We are living in unprecedent times. It is becoming…
For several consecutive years, Georgia has maintained a leading position in the field of crypto currency mining in the world. The attractiveness of the jurisdiction for the extraction of fiat money is explained very simply: cheap electricity, the absence of…
On 2 July 2019, a Draft Law amending the Tax Code of Georgia was adopted by the Parliament of Georgia. The objective of the Draft Law was the approximation of the Georgian Tax Legislation on Value Added Tax (VAT) with…
On 21 October 2019, UK’s Foreign Secretary Dominic Raab and the Georgian Foreign Minister David Zalkaliani signed a Strategic Partnership and Cooperation agreement aimed at strengthening the relations between the countries, once the UK leaves the European Union. This is…
On February 5, 2019, the Georgian Ministry of Finance issued Order No. 30 on the classification of taxpayers, which has entered into force on February 7, 2019. As stated in the Order, the category of a taxpayer is determined by…
В соответствии с проектом закона от 3 марта 2017 г. предусматривается обязательное страхование депозитов физических лиц в коммерческих банках Грузии. В частности, коммерческие банки обязаны будут осуществлять обязательные регулярные отчисления страховых сумм в Фонд гарантирования вкладов с целью возврата депозитов…