Levan Davitashvili, Minister of Economy of Georgia declares that the state tax policy will be adjusted based on the current situation. According to him, the tax changes are planned for two purposes: developing the right compensation packages for vulnerable groups and maintaining economic growth.
"Yesterday, the Minister of Finance presented a package of changes to the government, certain changes are planned to be made in the tax code - tax breaks were postponed, as well as adjustments were made to the Estonian model in relation to financial institutions.
I think these changes will be approved by the Parliament of Georgia in the near future. This is an adequate policy for the reality that we have. The state adjusts the policy depending on the situation, on the one hand, properly implements the social responsibility of the state and, on the other - maintain the growth and stability of the economy. Today, that is the goal of our budget. This is the main focus, because there is a lot of uncertainty in the world, due to the expected recessions of the world economies. Therefore, the right compensation packages are offered to vulnerable groups, at the same time, the Georgian budget maintains an emphasis on significant infrastructural capital expenditures so that the economy will continue to grow in the future," said the minister.
See all the news
Gold is shining in the new geopolitical world
JSC “Rustavi Azot” was sold
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
The Rich Often Enjoy Tax Break - Deputy Minister
Israel Got Acquainted With The Business Tourism Potential Of Georgia
Kettari Foundation became a partner of DATAFEST this year
Tata Power’s CEO Pays Visit to BMG
Turkiye generates more than $35B tourism income in 1st nine months of 2022
NEQSOL Holding has won defamation case against Communications Commission
Trip.com says China hotel bookings are surpassing pre-pandemic levels
Europe's largest crypto exchange WhiteBIT has partnered with Netflix
Interview with Albert Park, ADB’s Chief Economist - By Elene Kvanchilashvili, Forbes Georgia Executive Editor in Chief
Interview with #EBRD President Odile Renaud-Basso by Giorgi Isakadze, Editor in Chief of Forbes Georgia
Investigation Service detained two persons of the fact of evading a particularly large amount of tax
This year, the VIII international literature festival Odesa will be held in Batumi
Georgian Commercial Banks Boost Business loan portfolio for large enterprises
High blueberry exports from Georgia In July
#ForbesTalks - ინტერვიუ გიორგი ჯახუტაშვილთან / 10.08.2022
#ბარი: საუბრები წარმატებაზე ბარში - გიორგი ქადაგიძე, რევაზ ვაშაკიძე და გიორგი ისაკაძე - VII გადაცემა / 06.08.2022
#BMGDRIVE:„ადამიანები ვისაც ემუშავები მალე იცვლებიან, თანამდებობებს ტოვებენ - ეს პრობლემაა“ - მევლუდ მელაძე