Business Association signed a joint Memorandum of Understanding
18 Feb '14
On February 18 in Courtyard Marriot, business associations operating in Georgia - Business Association of Georgia, American Chamber of Commerce in Georgia, Georgia Bankers Association, International Chamber of Commerce, EU-Georgia Business Council, Georgia Employers, Association of Oil products importers and Distributors, signed a Joint MOU.
The MOU outlines the most significant outstanding issues for businesses within a short-term perspective addressing of which should further advance the rapid development of the business environment and respective economic growth.
The goal of signing the Memorandum is establish a working group, together with representatives of the executive and legislative government branches and all interested business stakeholders in order to partially de-criminalize and differentiate tax-related offences, to reform the Investigation Service of Ministry of Finance of Georgia, and to develop effective mechanisms of tax disputes and improve the tax inspection mechanisms system. The MOU signing ceremony was attended by international organizations and around 100 representatives from leading private companies.