Gov’t writes off over $108mln in tax debt for 63,000 individuals

The Revenue Service of the Ministry of Finance of Georgia on Tuesday said a total of ₾301.75 million ($108.17mln) in tax debt was being written off for 63,000 individuals as part of the Government's tax amnesty initiative.

The body added the write-off was ongoing both digitally - through dedicated software - and with in-person services.

The initiative encompasses all tax-paying individuals and businesses, and applies to recognised tax debts incurred and unpaid before January 1, 2021.

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The decision aligns with the tax statute of limitations and aims to “ease the financial burden on the taxpayers and promote their participation in economic activities”, the Service said.