About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Saakashvili Reiterates Support to Draft on Referendum on Tax Increase
Civil Georgia, Tbilisi / 13 Nov.'10 / 15:05

President Saakashvili reiterated on November 13 his support to a constitutional amendment, currently under consideration in the Parliament, which, after approval, will make referendum binding in case the government decides to increase taxes (except of excise tax) or introduce new ones from late 2013.

“It will be a constitutional norm. According to the new law, it will only be possible to change taxes through constitution,” Saakashvili said.

The draft of constitutional amendment linking tax increases with the requirement of holding referendum was scheduled to be passed by the Parliament with its second reading on November 9 – more than ten months after it was adopted with its first reading.

Lawmakers, however, decided to postpone voting on the part of the draft, which particularly deals with the referendum requirement after MPs from parliamentary minority proposed to link tax increases to government’s non-confidence vote instead to referendum requirement. A senior ruling party lawmaker, Pavle Kublashvili, said he disagreed with the proposal but deemed it possible to postpone the vote in order to discuss other alternative options.

President Saakashvili again backed the referendum requirement for tax increases while speaking at a groundbreaking ceremony of ‘free tourism zone’ in Kobuleti on the Black Sea coast on November 13. 

Parliament adopted on October 26 a draft law imposing partial tax exempts for investing in construction of hotels on 11.4 hectare plot of land in Kobuleti, Adjara Autonomous Republic.

According to this law an investor, who will pour at least GEL 1 million (about USD 562,000) in construction of a hotel in Kobuleti, will enjoy with profit and property tax exempts for next 15 years.

Saakashvili said that this provision, coupled with upcoming constitutional amendment on referendum requirement, would be a strong guarantee for businesses for their long-term investment projections.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.