Changes in Tax Legislation – Estonian Model will become effective as of January 1, 2017.

Estonian Model, which envisages the reform of income taxes will enter into force beginning January 1, 2017. In addition to the above, according to the amendments made to the Tax Code: In case of importing property, plant and equipment, VAT payment term will be extended by 45 days after customs clearance. All monitoring and law [...]

Law on Accounting, Reporting and Auditing has become effective

Law of Georgia on Accounting, Reporting and Auditing came into force after it was signed by the President of Georgia and was published on June 25, 2016. The new Law is part of the commitments made under the EU Association Agreement and aims at establishing the requirements regarding accounting and audit envisaged by the EU [...]