Ivane Matchavariani on the automatic return of VAT: This is a very important signal and statement that the state is not only slowing down the reform at the most difficult time, but is implementing this most actively.



This is a very important signal and statement that the state is not slowing down the reform at the most difficult time, but is actively implementing it, - said the Minister of Finance, Ivane Matchavariani at a briefing after the Government session.

As he noted, the system was launched on November 17, as a result of which a taxpayer 's confirmation is no longer required to return the excess value added tax - the amount will be automatically returned to each taxpayer to the bank account sent to the Revenue Service of the Ministry of Finance. He said significant work had been done to finally align the bases, as well as refine the risk program to make the process as safe as possible.

"This is a very important reform; In 2019, GEL 614 million was returned to taxpayers from overpaid taxes. In 2020, according to today's data, despite the crisis caused by the pandemic, despite the reduction of budget revenues, we returned GEL 811 million and by the end of the year, this figure will be increased up to GEL 1 billion. This is very important, especially given the current context, the current budgetary pressure due to declining revenues. I think this signal will be properly appreciated by our business sector, which will ultimately contribute to the process of economic recovery. They will be more confident in their investment decisions and business deals. "We wanted to achieve this goal, so that we can all be more optimistic about the recovery process that awaits us in 2021," - said the Minister.

<March>
SuMoTuWeThFrSa
28123456
78910111213
14151617181920
21222324252627
28293031123
45678910

Donor Organizations

Citizens Guide
2020 State Budget

Economic Review

Public Internal Financial Control

Council of Tax Appeals

eAuction

Reports and Presentations

Training and Career