Special Report January 24, 2018	Days:  19 16 24 19 05

legislation

TAX & LAW BRIEF

PwC Georgia

IMPORTANT AMENDMENTS TO THE GEORGIAN TAX CODE

Amendments were introduced to the Tax Code, covering the following:

- The VAT payer of European Union is allowed to request refund of VAT paid on the purchase of goods (except, immovable property) and/or services or during importation of goods in Georgia in case of satisfying certain prescribed conditions.

- Distribution of profit earned before 1 January 2017 by a permanent establishment of non-resident enterprise shall not be subject to profit tax.