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Economic Press Monitor: Economic & Politics
April 21, 2017


BANKEBI DA FINANSEBI: “PROFIT TAX DOES NOT EXIST ANYMORE, AS WE HAVE TAX ON EXPENDITURE, IN FACT”

Auditor Irakli Shavishvili estimates that exemption of reinvested profit from tax “is good initiative”.

At the same time, “The government announced that it reduces profit tax by half a billion, but in fact, reduction makes up 300 million and in exchange, excise has been increased by 600 million, while income tax has increased by almost half a billion”, Shavishvili points.

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