Amnesty in Exchange of Repaying Tax Arrears

Representatives of big business have to accept new rules of the game proposed by the government.

The Georgian government proposed big business to repay taxes, which were undeclared for past six years and avoid persecution. In exchange, the new authorities vow to create favorable business climate and liberal tax code within three-four months.  

President Mikheil Saakashvili, Prime Minister Zurab Zhvania and other government members met with the representatives of big business on March 6 to present the Finance Ministry-elaborated draft law on “Declaration of Previously Hidden Taxes.”