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Daily Archives: October 24, 2014

Pollution of the Environment to be Punished by a Fine of GEL 5 000

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Environmental pollution will be punished by a fine of GEL 50- 5000 – such measures are envisaged in the draft law on the management of waste that is under consideration in  the Parliament. The purpose of the document is to provide a legal framework and implementation of mechanisms of prevention …

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Business Taking Initiative to Change VAT System

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Representatives of Georgian business applied to the Minister of Finance with several initiatives. Business demands to change the VAT system. Under the current legislation, if the turnover of the company exceeds GEL 100 thousand, theentrepreneur pays   a turnover tax of 18%   in the form of VAT. Upon the initiative of …

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“Hilton” Hotel not to be Opened Next Year

IDPs should be evicted from the building of the “Sakartvelo” hotel to open “Hilton” hotel, as this problem is not solved yet, the hotel cannot be opened next year. According to the original plan, “Hilton” had to beopened in the former building of “Sakartvelo” hotel in 2014, then the deadline …

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