Georgia’s Revenue Service will introduce electronic recording of goods purchased from individuals starting December 1, replacing the existing paper-based purchase documents with electronic purchase acts.
Under the new system, buyers will be responsible for issuing purchase acts through their authorised accounts on the Revenue Service portal. The electronic document will contain the same information as the current paper version, with additional fields for payment methods and payment status.
Sellers will be able to confirm transactions in three ways: by providing the buyer with a one-time code received via SMS, confirming the document through a link sent to their mobile phone, or approving it through their own authorised account on the Revenue Service website. Businesses may also voluntarily use electronic purchase acts when buying services from individuals.
Purchase acts must be issued no later than the last day of the month following the month in which the transaction took place. Confirmation or rejection will be possible within two months following the month of the transaction. Exceptions apply to purchases of property requiring official registration, transactions already covered by specific tax documents, and timber subject to special accounting rules. The Revenue Service says the new system will simplify accounting, promote digitalisation and improve transparency.
