Gov't to write off 2021 property taxes for tourism sector
The tourism sector, including hotels and restaurants, will not be required to pay property taxes for 2021, Garibashvili said, adding details about the initiative would be revealed by the country’s Economy and Finance Ministers. Photo: Nino Alavidze/Agenda.ge
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The Georgian Government has decided to write off the property taxes from the country’s tourism sector businesses, Prime Minister Irakli Garibashvili revealed on Monday.
The Government head noted the decision followed studies of challenges in the sector, adding in the global pandemic tourism had “suffered the most.”
The tourism sector, including hotels and restaurants, will not be required to pay property taxes for 2021, Garibashvili said, adding details about the initiative would be revealed by the country’s Economy and Finance Ministers.
A total of 165,626 international travellers visited Georgia in February 2022, marking a 35.3 percent recovery from the pre-pandemic 2019 figures and an increase of 297 percent compared to 2021, the Georgian National Tourism Administration (GNTA) announced on Friday.
Revenue from international travellers totalled $114 million in January 2022 in Georgia, an increase of about $104 million compared to January 2021 and a reduction of $79 million in comparison to January 2020, the Georgian National Tourism Administration revealed on Tuesday.
The Consumer Price Index in Georgia increased by 2.5 percent in March month-on-month, while the annual inflation rate equalled 11.8 percent, the National Statistics Office of Georgia (Geostat) announced on Monday.
The estimated real Gross Domestic Product (GDP) of Georgia increased by 14.6 percent in February 2022 year-on-year, while the average real GDP grew by 16.3 percent in January-February, the latest data from the National Statistics Office of Georgia (Geostat) shows.
Georgia will partner with ITB Berlin, the world’s leading travel trade show, and hold marketing activities in Germany and the European Union to promote the country’s tourism potential, Deputy Economy Minister Mariam Kvrivishvili said on Tuesday.
The Georgian Government expects “even more” international travellers to visit Georgia for the current tourist season due to the “greatly increased” number of applications to the Georgian Civil Aviation Agency, Mariam Kvrivishvili, the Deputy Economy Minister, said on Thursday.
The Georgian tourism sector businesses have had ₾40 million ($13.9mln/€13.3mln) written off in their property taxes from the previous year following a Government decision to alleviate effects of the Covid-19 pandemic on industry, the Georgian Revenue Service announced on Monday.
The national food agency of Georgia has suspended production at 181 cafes, bars and restaurants in the country for their violations of sanitary and hygienic norms, local media outlet Interpressnews reported on Tuesday.