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PM: We will Apply Blockchain Technologies in Tax Administration

“All taxes, excluding VAT, will be based on BlockChain technology”, Prime Minister Mamuka Bakhtadze told the Parliament.

The country has made progress in terms of introduction of innovative technologies in tax administration, however, the country comes behind such countries which efficiently apply digital technology in economy.

“We should be oriented on the countries that have carried out digital revolution, for instance, Estonia, Finland and other ones. Thus, we will launch tax administration through innovative technologies. All taxes, excluding VAT, will be based on BlockChain technology and consequently, the Ministry of Finance will be instructed to hold presentation on pilot projects in 2019”, Mamuka Bakhtadze said.