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Tag Archives: Income tax

Corporate Income Tax Reform Reduces tax Revenues

The Georgian Finance Ministry said that it will have to cut about GEL 400 million from 2016 state budget as planned corporate income tax reform will reduce tax revenues this year. According to the proposal, which the government says is based on the Estonian model, corporate income tax (a regular rate …

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Income Tax Revision Bill to be Submitted to Parliament Soon

The income tax revision bill will be submitted to the Georgian Parliament in Spring. The Deputy Finance Minister Giorgi Kakauridze spoke in this regard after the government session. According to him, the working process is still on-going and the principal issues are expected to be resolved by the end of …

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Georgia May Revise Its Income Tax — PM Kvirikashvili

Giorgi Kvirikashvili

Income tax of Georgia may be revised – the Prime Minister of Giorgi Kvirikashvili said. According to him, this issue is still relevant and work in this regard is still underway. “In the near future, the Government intends to consider a bill and then pass it in the Parliament. We …

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