Government of Georgia – News

To stimulate the construction sector, the tax cuts adopted in 2015 to help finalize uncompleted development sites launched prior to 2008 will remain in force until 2026 Print Version

2020-02-06

► By extending the application of the tax cuts, the construction sector will be offered an additional opportunity to complete unfinished sites. This decision seeks to meet the needs of most of the affected residents.

► The total investment value of such development sites exceeds several million dollars.

► As a result of the 2015 decision on exempting construction sites from VAT, numerous construction sites have resumed.