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Monday, 25 June 2018


Sakartvelo authorities set about the trade

2011-10-18 13:19

Sakartvelo authorities set about the trade. 23356.jpegAccording to the Parliamentary Secretary to the Government of Georgia Gia Khuroshvili, the country is willing to amend the "Tax Code" to relieve local dealers from a number of taxes. As reported by the GHN, according to the amendments, in the country, for example, there will be set up special trade zones with centralized trade.

"Georgian authorities are beginning to sole the problem of so-called "bazaars". We understand those people who are now engaged in the markets for trade. It's quite difficult for them to keep tax records. Accordingly, the Government proposes the establishment of special zones where the administration issue will entirely become responsibility of the organizer of the market and citizens will be exempt from any of the documentation", said Khuroshvili. He added that the status of a special trade zone will be assigned to a person who will organize trade in Georgia, upon his own initiative or the initiative of the government.

According Khuroshvili, in such cases there will be determined a specific trade area where sales counters will be placed. The organizers of markets will divide it on a few sectors that will sell similar goods.

"Organizer of the market will also be required to keep records of goods sold on the basis of centralized cash registers, that is directly the seller will not deal with money. Products, introduced by the subject, will be stowed at stores, where it will be appropriately numbered with a bar code and when a consumer buys one or another product he will pay in a central office", said the government official.

Under the law, at the end of each day the trade organizer will receive about 3 percent of revenue, while 97 percent of the proceeds will be returned to the seller.

At the same time, the seller is exempted from income tax, he won't pay VAT, as well as to keep records, Khuroshvili recalled.

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