About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Tax Arbitration Councils Canceled
Civil Georgia, Tbilisi / 20 Apr.'05 / 19:38

The Parliament approved amendments to the Tax Code, with its first hearing on April 20, envisaging cancellation of the Tax Arbitration Councils, which are in charge of dealing with disputes between the tax-payers and the Finance Ministry.

These councils, which were set up for each individual case to solve the disputes between the tax-payers and the authorities, were seen by the business community as one of the most successful components of the new Tax Code, which was approved last December.

The government decided to cancel these councils, a decision that has been widely condemned by the business community, after the Finance Ministry lost a number of cases that resulted in the government re-paying several million Lari to a number of private firms.

“Currently there are several cases under consideration by the Arbitration Councils. The cases involve disputes over tens of millions of Lari. We should immediately take measures [against these councils], as we can not afford to re-pay tens of millions of Lari because of the unfair rulings of these councils,” Prime Minister Zurab Nogaideli told reporters earlier on April 20.

State Minister for Economic Reforms Kakha Bendukidze, who was the only member of the government who voiced concerns regarding the cancellation of the Tax Arbitration Councils, told reporters on April 20 that this decision will worsen the business environment in the country.

He added that this system of Tax Arbitration Councils needed improvements and not cancellation.

Chairman of the Georgian Business Federation, influential media and financial tycoon Badri Patarkatsishvili, issued a statement on April 20 also expressing concerns regarding the government’s decision.

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 © 2001-2018, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
34