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.