2016-09-07
Cabinet of Ministers will approve the list of the industrial fixed assets, import of which will be fully exempt from the VAT, provided that respective assets are used in a taxable transaction for VAT purposes, - Prime Minister of Georgia elaborated on the amendment that will be introduced to the Tax Code before the Government meeting.
"Important change is being introduced into the Tax Code. This is the list of industrial fixed assets, import of which will be fully exempt from the VAT, provided that respective assets are used in creation of added value. This is an important step within the Government's 4-point reform plan. It is a part of the tax amendments that we initiated. This is a continuation of the reform that aims at amelioration of the entrepreneurial environment and simplification of the doing business," - Giorgi Kvirikashvili stated.
Prime Minister's Press Office