About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Government Plans Tax Audit Outsourcing
Civil Georgia, Tbilisi / 14 Apr.'11 / 13:16

PM Nika Gilauri (left) and President of Business Association of Georgian (BAG) and CEO of IT company, UGT, Giorgi Chirakadze, April 13.

In an attempt “to resolve any problem, which a business may have in relation with the Revenue Service,” the government is planning to outsource tax audit, PM Nika Gilauri said on April 13.

Speaking at a meeting with a group of businessmen, he said that a company would be able to hire a private audit provider to avoid being audited by the Finance Ministry’s Revenue Service.   

“It used to be said that tax [inspection service] comes in [businesses], seals up operations, creates problems and because of [audit process] by tax [inspection] sales are reduced,” MP Gilauri said, adding that with outsourcing of the tax audit, such problems “will totally be eradicated.”

“If a company wishes, it can be audited by a private audit or consultancy firms and an audit act provided by these audit firms will be considered as equal to an audit act provided by the Revenue Service,” PM Gilauri said.

Tax audit services will be provided by firms licensed by the Revenue Service, he said and vowed that the government would not fix prices for such services provided by the private audit companies.

“There will be several such audit providers and the market itself will determine the price of this service,” PM Gilauri said.

He also said that at the first stage, which may last three or six months, it would be a pilot project.

The Prime Minister said that in order to encourage companies to use this service, the government was also offering to exempt companies from fines incurred from possible violations in case a company chooses to use a service by a private audit provider. But fines will be imposed if violations are found as a result of an audit carried out by the Revenue Service, PM Gilauri said.

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 © 2001-2020, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.