BAKU, Azerbaijan, May 18
Tamilla Mammadova – Trend:
In order to overcome challenges caused by the coronavirus pandemic, Georgia has introduced new tax initiatives, Trend reports via Georgian media.
"The taxpayer, who has a current recognized / unrecognized tax debt, will be able to fully reduce the accrued fines / penalties by paying the principal amount of the tax", said Georgian Finance Minister Lasha Khutsishvili.
He said that taxpayers must apply to the Revenue Service of Georgia before August 1 of this year with a request to conclude a tax agreement and pay the principal amount of the tax by December 31, 2021.
This initiative concerns the tax arrears of all taxpayers (including debts in tax disputes), except in cases where there is an ongoing criminal case against this taxpayer for an economic crime under the Criminal Code", Khutsishvili said.
Khutsishvili said that this is a one-time initiative and is related to overcoming the difficulties caused by COVID-19 pandemic for taxpayers.
Taxpayers will be able to apply to the Revenue Service of Georgia starting May 18.
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