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Tag Archives: Ministry of Finance

State Budget to Transfer 60 million GEL to Tbilisi City Hall

Tbilisi City Hall will receive additional 60 million GEL from the state budget in 2018. The budget parameters were discussed by Tbilisi Mayor Kakha Kaladze and Minister of Finance Mamuka Bakhtadze at the Ministry of Finance. “Today we met with Tbilisi Mayor. The City Hall plans to implement many important …

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Ministry of Finance to Create Gambling Business Policy

Ministry of Finance created Gambling Business Policy. Department does not have a leader on this stage. ”The functions of the Department will be to prepare legislative initiatives and to protect customer functions.” As for the tax administration, it is being implemented by the Revenue Service and will continue in the …

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Revenue Service Prepares Manual for New Regulations of Profits Tax

f Profits Tax

Ministry of Finance has developed a very good format that ensures dialogue over important issues for business. It is important that such communication is continued on such relevant issue as profits tax reformation. InterPressNews was told at Ministry of Finance that similar estimation was made at working meeting organized by …

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George Welton Expects Investment Growth by tax Reform

George Welton Expects Investment Growth by tax Reform

George Welton, Executive Director of American Chamber of Commerce considers, that tax reform should encourage reinvestment and support economic growth. Welton has announced about it at the meeting held at the Ministry of Finance and thanked the department for effective co-operation. “With this initiative, we should show the whole world …

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Finance Minister Updates GSMEA Members with Latest Amendments on Tax Code

Finance Minister Meets with Members of Small and Medium Enterprisers Association

Georgian Finance Minister Nodar Khaduri has met with members of the Georgian Small and Medium Enterprisers Association (GSMEA). The Ministry of Finance of Georgia continues updating the business sector on the coming amendments to the Tax Code. The bill calls for reforming the profits tax and alleviating the tax administration. …

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