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Special Report

June 13, 2018

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legislation

    TAX & LAW BRIEF

    PwC Georgia

    AMENDMENTS TO THE INSTRUCTION ESTABLISHED BY THE ORDER N996 OF MINISTER OF FINANCE OF GEORGIA

    - The amendment establishes a rule for determining market price of a taxpayer’s taxable property during tax audit process. The tax authorities are entitled to determine the value of taxpayer’s immovable taxable property (except land) at market price if the market price of a taxable property exceeds its book value.


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