Georgian Gov’t to decriminalise economic crime and liberalise Tax Code
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The Government of Georgia is taking actions to decriminalise economic crime and liberalise the Tax Code in order to further develop Georgian economy.
Today Georgia’s Prime Minister Giorgi Kvirikashvili met about 20 leaders of business community for the first time as the Head of the Government. At the meeting Kvirikashvili outlined new initiatives for future development of which one of the most important was creation of additional job places.
One of the most important initiatives of Georgian Government is to create more job places and stimulate the economy development in the country. To achieve this goal first of all we need to implement tax reform,” Kvirikashvili said.
The changes included improving the investment and business environment, simplification of Tax Code and decriminalisation of certain economic crimes.
In particular, Georgian Government was going to implement the Estonian model of income tax reform. Following the Estonian model except the profit-sharing businesses all other businesses should be exempted from income tax.
Meanwhile, Kvirikashvili added tax administrative bodies and Financial Police will be "maximally regulated”.
The PM added Georgia’s economic team was also creating start-up business mechanisms to further develop Georgian economy.
The Georgian Government is planning to simplify the Tax Code and create better conditions to the business society.Today, Georgia’s Prime Minister Giorgi Kvirikashvili announced the Government had started active works to liberalise the taxes following the Estonian model.
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Georgia’s economic team is working on modifying the country’s profit tax rules, with the main goal to liberalise Georgia’s profit tax.
The Georgian Government continues its dialogue with business society, introducing future plans, and inviting professionals to be involved in important decision-making process.
Georgia is making changes to the country's tax law in a bid to improve the investment climate, attract more investors and additional capital to the country.
Estonian experts are giving a helping hand to Georgian authorities to implement the Estonian Taxation Model in Georgia.
Georgia’s economic team is working on modifying the country’s income tax rules, with the main goal to improve the investment climate, attract more investors and additional capital to the country.
Sarah Williamson, president of the American Chamber of Commerce (AmCham) in Georgia is praising the Georgian Government’s effort to simplify the country’s Tax Code and is encouraging the Prime Minister to put forward "much needed” reform proposals.
Georgia’s economic team is working on modifying the country’s Tax and Criminal Codes, with the main goal to decriminalise economic crime and liberalise the tax code in order to further develop the Georgian economy.
Georgian Parliament has adopted the changes to the country’s Tax and Criminal Codes today.
Amendments to Georgia’s Tax and Criminal Codes have just come into play, with the main goal to decriminalise economic crime and liberalise the tax code in order to further develop the Georgian economy.