Finance Ministry Revenue Service records 70 cases of violations of national currency use regulations
The Investigation Service of the Georgian Finance Ministry has recorded 70 cases of violations in procedures for using the national currency across Georgia over the last seven months. Photo: Nino Alavidze/Agenda.ge.
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The Revenue Service of the Georgian Finance Ministry has recorded 70 cases of violations in procedures for using the national currency across Georgia over the last seven months, the Revenue Service of the Ministry said on Friday.
The state body said the monitoring measures are intensively implemented across the country by the Tax Monitoring Department of the RS in order to find cases of breaching the procedures for using the national currency .
The statement said the officers of the Tax Monitoring Department carried out control procedures in the area surrounding the Okriba bus station and on Kote Abkhazi Street in the capital Tbilisi. As a result of the monitoring, the monitoring department conducted an administrative proceeding for the “violation of the rules for expressing prices in GEL.”
The state body had fined a foreign citizen for entrepreneurial activity without registration, while another offender was warned for “breaching the procedure for using the national currency” across the country.
The IS has warned business entities GEL is the only legal means of payment, except for free industrial zones, free trade points and/or cases determined by the National Bank, and has urged them to refrain from violating the rules of using the national currency.
The Prosecution Service of Georgia has launched criminal proceedings against three legal entities and an individual for fraud and money laundering, the state body announced on Monday. The body said its investigation had established the “transnational organised crime group” had fraudulently embezzled about $2 million from the Director of a Hong Kong-based company.
Georgian law enforcers of the Central Criminal Police Department of the Ministry of Internal Affairs (MIA) have detained 11 individuals for helping embezzle €620,000 belonging to German, Austrian, Chinese, Dutch and Norwegian citizens.
The Investigation Service of the Ministry of Finance have arrested one individual for selling counterfeit money in large quantities.
The Turkish citizen has been detained for the possession and sale of counterfeit money, says the State Security Service of Georgia. The detainee sold $4,200 in counterfeit bills to a Nigerian citizen living in Georgia in exchange for $2,100.
The revenue service of the ministry of finance of Georgia on Thursday said preliminary declaration of goods in customs procedures across the country would be moving to electronic form starting from Monday.
A Pakistani citizen was arrested at the Tbilisi international airport on Monday for possession of undeclared mobile phones, the revenue service of the Georgian finance ministry said.
The parliament of Georgia has discussed amendments to the tax code set to be assigned to financial institutions in the country to provide information on common reporting standard-established procedures and financial accounting to the revenue service, the parliament announced on Wednesday.
The Revenue Service of the Ministry of Finance of Georgia on Tuesday rejected claims by the domestic Mtavari Arkhi TV channel on exports of dual-purpose goods to Russia last year as “fake”.