NEWS

SME business owners to be exempt from lease payments for 3 months

On March 13, 2020, the Georgian government decided to postpone the payment of property and income tax for hotels, restaurants, tourist agencies and tour operators in Georgia by four months. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 19 Mar 2020 - 16:14, Tbilisi,Georgia

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.

Small and medium sized business owners will not have to pay lease taxes from March to May 2020. If a particular business owner has leased and then rented the area to the other individual, the concession applies to all of them”, said Kaladze.

On March 13, 2020, the Georgian government decided to postpone the payment of property and income tax for hotels, restaurants, tourist agencies and tour operators in Georgia by four months.

Since February 26, 2020 Georgia has had 40 confirmed cases of COVID-19, with one already recovered and discharged.

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