CBW.ge Caucasian Business Week – Be informed, do business
Revenue Service’s approach inhibits the development of microfinance institutions – CBW was told by Chairman of the Board of the Microfinance Organizations Association.
Beso Shengelia says the current tax code is vague and can beinterpreted in two ways that creates great discomfort for business. Shengelia also talks about the problems with tax authorities giving an individual interpretation of certain articles. Shengelia believes that the revenue service’s approach is not aimed at promoting business. On the contrary, he says, that the situation reminds him of the nineties.
