Georgian Business Association asks gov't to extend benefits for businesses
The association urges the government to extend benefits for businesses for another six months as those announced six months ago expired on November 1. Photo: Nino Alavidze/Agenda.ge.
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The Georgian Business Association has asked the government of Georgia and the newly elected parliament to make changes to the Tax Code as soon as possible in order to extend the tax breaks imposed on businesses in the spring amid the coronavirus outbreak.
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The association urges the government to extend benefits for businesses for another six months as those announced six months ago expired on November 1.
Businesses who paid salaries lower than 1,500 GEL per worker paid only a portion of the income tax, while businesses who paid monthly salaries of up to 750 GEL were fully exempt from personal income tax for six months. In addition, the hotel industry did not pay income tax.
The association stated that extending tax benefits will help businesses retain jobs.
Enterprise Georgia is starting a new programme today to cofinance family-owned, small and medium-size hotels in Georgia. The programme will seek to alleviate financial problems in the tourism industry due to the spread of the coronavirus.
Small and medium-size business owners (SMEs) who have leased municipality-owned areas for their business activities have been made exempt from lease payments for three months to mitigate the negative impact of COVID-19 on the business, Mayor of Tbilisi, Kakha Kaladze stated today.
What support can business expect?
The government of Georgia has presented an anti-crisis plan for Georgian businesses in order to ease the burden caused by the coronavirus crisis. The government responded to the demand of the hotels, restaurants, tourist agencies and tour operators in Georgia and decided to postpone payment of property and income tax by four months.
Georgian businessmen have asked Prime Minister Giorgi Gakharia to extend benefits businesses enjoyed in the spring amid the coronavirus.
The 2021 state budget of Georgia will include expenditures for quarantine, testing and Covid-19 vaccine and will be discussed at the parliament of Georgia by the end of this month, announces Georgian Finance Minister Ivane Matchavariani.
The government of Georgia has imposed further restrictions to curb the spread of the coronavirus in the country today, however to ease the burdens for businesses and the public the government has also announced supportive measures.
Fifteen business associations in Georgia have sent an open letter to the government of Georgia today in which they demand coronavirus-related restrictions to be lifted step by step.
Ten business associations in Georgia have sent an open letter to Georgian Prime Minister Giorgi Gakharia in which they demand coronavirus restrictions be lifted step by step and offer help with the vaccination process.
Business associations in Georgia have sent an open letter to Georgian Prime Minister Irakli Garibashvili, in which they demand coronavirus restrictions be eased in the country.