The Treasury of the Ministry of Finance published the tax performance report for January- February 2025, which shows that the amount mobilized in the central budget amounted to 3.46 billion GEL. This sum is 65% of the 3-month tax performance plan. Additionally, tax revenues received in local self-government budgets were 437 million GEL, so the budget received a total of 3.9 billion GEL in taxes between January and February. This amount is 9.5% higher compared to January-February 2024.
Tax performance in the central budget is distributed as follows in January-February:
- VAT - 1.26 billion GEL, including local self-government budget with VAT revenues - 1.58 billion GEL, 5.4% increase compared to January-February 2024;
- Income tax - 1.26 billion GEL, 68% of quarterly plan, including local self-government budget with income tax - 1.37 billion GEL, 15% increase compared to January-February 2024; Profit tax - 398 million GEL, 47% of quarterly plan, 12.2% increase compared to January-February 2024;
- Excise tax - 258 million GEL, 46% of quarterly plan, 22.5% decrease compared to January-February 2024.
The decrease in excise tax revenue in the budget is presumably related to the increase in tobacco excise tax. To offset the increase, tobacco importing companies created several months' worth of large stocks before January 1.
As for the other budget revenues, the budget received 17.4 million GEL from the privatization, which was 25% of the quarterly plan; import tax mobilization amounted to 19.5 million GEL, which was 55.8% of the quarterly plan.
