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Tourist sector is planned to be freed from taxes

2009-07-01 18:36

The Georgian government will perhaps introduce some tax benefits for leading companies in tourist sphere. Exemption of 18-per cent tax may take place - Trend News.


The Ministry of Economy has already worked out the plan of tax benefits for leading tourist companies, said Lasha Zhvania, the Minister of Economy of Georgia said in the live air of leading tourist companies. "We only wait for endorsement by the government of Georgia", he added.

The minister underlined that for development of mass tourism in Georgia leading tourist companies must have either tax exemptions or tax benefits.

"If we make the decision and free the leading companies of VAT, the package for tourists, willing to visit Georgia, will be cheaper by 18 per cent. Accordingly, Georgia will be able to rival Turkey, Ukraine, Russia and Bulgaria. Otherwise mass tourism in Georgia won't be developing", Zhvania underlined. 

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