Before this year's scheduled parliamentary elections, the government will write off tax debts incurred by individuals before January 1, 2021. Prime Minister Irakli Kobakhidze stated that the tax amnesty will affect 145,000 individuals, with the total debt to be written off amounting to 590 million GEL.
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"At the Economic Council, we made an important decision regarding tax amnesty for individuals. In Georgia, there are a significant number of individuals who have accumulated tax debts, depriving them of the opportunity to engage in economic activities. Therefore, we have decided to write off these debts. Specifically, all natural persons, including individual entrepreneurs, will have their recognized tax debts incurred and unpaid before January 1, 2021, including taxes charged to them, fully forgiven," stated Kobakhidze.
The parliamentary elections are scheduled to take place on October 26, 2024.
