Members of the Business Association of Georgia discussed the VAT reform with the representatives of the Revenue Service
29 Jul '20
Within the framework of the next enlarged sitting of the Tax and Customs Committee of the Business Association of Georgia, the representatives of the member companies of the Association and the Revenue Service discussed the VAT reform and other amendments to the Tax Code made on July 14 of this year.
In particular, at the meeting, Mamuka Baratashvili, Deputy Head of the Revenue Service of the Ministry of Finance, presented the main issues shared by the Georgian legislation based on the EU VAT Directive.
It was also mentioned that the presented changes have been intensively discussed with the member companies of the Business Association for the last one year. At the same time, the representatives of the Revenue Service expressed readiness that the implementation of the submitted reform bylaws with the business has already been established. At the same time, the representatives of the Revenue Service expressed readiness to continue the implementation of the proposed reform bylaws in the mode of already established cooperation with business.
"As a result of cooperation between the state and the private sector, VAT reform has been implemented.Today we can confidently say that the best European and international practices are being introduced, which means that the processes of VAT administration will be simplified, the area of benefits in the field of education, medical and social will be expanded, disputes in this area will be reduced in this direction and internal procedures will be introduced for the application of European Court rulings and applicants in practice, which we hope will ultimately have a positive impact on improving the investment climate in the country, "- said Soso Pkhakadze, President of the Business Association.