GEORGIAN INNOVATIVE STARTUPS TO ENJOY TAX BENEFITS FOR 10 YEARS

Georgian startups, which create hi-tech and innovative products, “will enjoy unprecedented tax benefits for 10 years”, Georgia’s Prime Minister Irakli Kobakhidze declared at the government meeting today. “In the first 3 years, they will be subjected to income tax at a rate of 0%”, he said (he did not specify other details).