Turnover tax will be reduced for small entrepreneurs

11:29, 15.02.2018

A new, preferential tax regime will be launched for small entrepreneurs, – Prime Minister of Georgia Giorgi Kvirikashvili said at the government session.

As the Prime Minister noted the Minister of Finance Mamuka Bakhtadze has prepared a legislative initiative, according to which turnover tax for small entrepreneurs will be reduced from 5% to 1%. In addition, the entrepreneurs with a turnover of 500 thousand GEL will be categorized as a small business.

Politics

tax

turnover tax