New tax preferences regarding small business sector will come into force regarding July 1. The actual government’s initiative calls for cutting the turn over tax for business? 5 times. As a result, firms with 500 000 GEL turnover could move to the category regarding small business.
This initiative announced by Prime Minister Giorgi Kvirikashvili stimulates that? preferential taxation program will considerably juice up the business sector efficiency.
Government of Georgia, such as, Ministry of Finance has evolved the package of those reforms, Minister associated with Finance Mamuka Bakhtadze said.