Minister of Finance discussed draft amendments to the Tax Code with the leadership of the Georgian Business Association

13 Aug '14

On August 13, 2014, the Minister of Finance of Georgia Nodar Khaduri and other high officials of the Ministry met with the Vice-Presidents of the Business Association and the heads of the tax committees to discuss draft amendments to the Tax Code.The main topic discussed at the meeting was the amendments initiated by the Ministry of Finance and approved by the Government of Georgia. The amendments were aimed at enhancing touristic potential, creating competitive environment and promoting businesses, local and small entrepreneurs in the country. Meeting participants also discussed proposals for the Tax legislation put forward by the Business Association of Georgia, part of which will already be introduced to the Parliament during this Fall Session. In his closing remarks, the Vice-President of the Business Association Soso Pkhakadze stated: "On behalf of our Association, uniting 70 companies, we are intensively working on the draft amendments, which had already been made public, and I would like to assert that all these decisions, directly or indirectly, help companies in further developing their businesses" As stated by another Vice-President of the Business Association, Lasha Papashvili: "We have been working on draft amendments with the Ministry of Finance over the last two years. Almost all of our recommendations were decided in favor of businesses. I cannot recall the time when the Ministry of Finance or the Tax body had such an approach towards businesses, for which I would like to express by deep appreciation. I call on businesses to join us in raising issues of their concern with the government as the results are obvious - we achieved passing of amendments with the help of the state". As a reminder, the tax committee of the Business Association chaired by Zurab Lalazashvili continues its active work on issues related to tax legislation and there are number of positive changes for businesses to be undertaken in the respective legal base in the near future