Georgia’s PM: About 150,000 companies will be able to automatically return VAT

Georgia’s PM: About 150,000 companies will be able to automatically return VAT

access_time2020-11-19 13:02:47


About 150 thousand companies will be able to automatically return VAT, in fact instantly that means about one billion lari return per year to the businesses without any problems, - Prime Minister Giorgi Gakharia said at a government meeting.

In the  Prime Minister’s words, such  a reform has not been carried out in the country for decades.


“This is an extremely important reform. Such a  reform has not been carried out in the country in recent years and even  decades, it is aimed at   boosting the medium-sized businesses development as well as preserving jobs. This reform is particularly important in the current economic crisis to maintain potential for rapid economic recovery. I would like to thank the Finance Ministry for carrying out this extremely important systemic reform, ” Giorgi Gakharia notes.


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