Georgia announces new tax regime for small businesses

Georgia announces new tax regime for small businesses

On July first The prime minister of Georgia has announced that small businesses will be taxed with new regime and will pay minimum tax burden (1%) this has also given the new definition to small businesses, whose annual income does not exceed 500 000 GEL

New regime has already resulted in more companies entering the market, as it promises transparency, cost minimization and increase in GDP

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