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Tag Archives: tax

George Welton to Popularize Georgia Worldwide as Investor-Friendly Country

George Welton to Popularize Georgia Worldwide as Investor-Friendly Country

George Welton, CEO of the American Chamber of Commerce in Georgia, positively appraises the profits tax reformation initiative and expects this legislative bill to encourage reinvestments, create new job places and intensify economic development. The tax administration will be also simplified as part of the reform, he added. “This initiative …

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New Income Tax to be Launched on July First this Year

New details regarding Georgia’s  income tax reform  have become known. Finance Minister said after the Cabinet Meeting that the reform would  not apply to banks, insurance companies, micro-finance organizations, entrepreneurial individuals and non-profits. When asked by CBW on the income tax exceptions criteria, the Finance Minister said that these sectors do not really …

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