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Changes in the Tax Code

Published: June 24, 2013 | 4:20 pm
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In the near future, changes made in the tax code will affect individuals with disabilities, the agricultural sector, and charitable organisations. According to Nodar Khaduri, one of the significant issues is that of the income tax threshold for individuals with disabilities, which will be set at 6 000 GEL.
One of the changes in the code will also affect the agricultural sector, namely the reversal of the earlier policy to abolish the payment of Value Added Tax on the initial deliveries of agricultural produce.
According to the Finance Minister, the changes have received the government’s approval, and they will be passed on to the parliament for reviewing.

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