Excess VAT of 285.6 million GEL has been returned to the private sector in January-April, 2020, - it becomes clear from the statistics requested by BM.GE from the Revenue Service.
To remind, as of the statement made by the government, process of excess VAT return should be widened due to the crisis of COVID-19 and it should be increased up to 1.2 billion GEL. According to this promise, more than 900 million should be returned in the remained months until the end of this year.
As of the statistics submitted by the Revenue Service, the volume of the returned excess VAT in the previous years has been as follows:
2019 - 572.9 million GEL;
2019 - 497.9 million GEL;
2017 - 217.8 million GEL;
2016 - 165.5 million GEL.
See all the news
Turkey to open doors to 31 countries for health tourism
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Prosecutor’s Office allows Avtandil Tsereteli to leave the country
Mamuka Khazaradze: We want to avoid arbitration, but the Consortium is ready for that
Reuters: Dutch city tells floating Georgian monastery to cast off
TBC Bank Group Shares up by 6.3% WoW on the LSE