Finance Ministry investigators arrest one for tax evasion using forged documents

The Investigation Service of Georgia’s Ministry of Finance on Tuesday said it had arrested one individual for evasion of “particularly large amount” of tax using forged documents and causing a loss of ₾3.2 million ($1.2 mln) to the budget in the process.

The Service said its investigation had found the offender had managed companies registered to different individuals, “systematically” making incorrect declarations of income and violating tax legislation while carrying out business activities between 2021 and 2022.

The crime is punishable by imprisonment from five to eight years.