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What you should know
Law of Georgia on Accounting, Reporting and Auditing
What you should know - Law of Georgia on Accounting, Reporting and Auditing
In June 2016, the “Law of Georgia on Accounting, Reporting and Auditing” was signed into legislation. In addition to this, amendments to the tax code in relation to profit tax were introduced into legislation in May 2016.
These two laws will have a significant effect on the business environment in Georgia specifically as it relates to IFRS financial statements and their use, publication and accessibility by the general public.