Legislative Tracking

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Georgian Legislative Tracking

Legislative Tracking is a monthly newsletter designed to highlight the most significant legislative changes, proposals and events as reported in the Georgian press.

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Georgia introduced a law on anti-dumping measures intrade, effective from 1 January 2021. Its main objectiveis to protect the local industry from import dumping inthe customs territory of Georgia (except the freeindustrial zone).

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June 2021

Legislative Tracking

The amendments were published on 13 April 2021,updating the wording of Articles 41 and 42. Thesearticles regulate the enforcement of sanctions imposedby the UN’s Security Council and full or partial removalof a freezing order on assets. More precisely, anychange in the list of persons sanctioned by a UNsanction committee will have direct effect on theterritory of Georgia once published on the committee’swebpage.

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May 2021

Legislative Tracking

On 12 April 2021, the State Inspector’s Service published its decision on a case of unauthorised disclosure of video recordings on social media. 

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April 2021

Legislative Tracking

On 2 March 2021, Minister of Finance of Georgia issuedOrder No. 45, amending Order No. 423 of 18 December2013 of the Minister of Finance on Approving theInstruction on Evaluation of International ControlledOperations entered into force.

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March 2021

Legislative Tracking

In January 2021, several amendments relating to how the Tax Code determines value added tax were introduced to Order No. 996 of the Minister of Finance of
Georgia.

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February 2021

Legislative Tracking

The Parliament of Georgia discusses a bill with amendments to the country’s Law On Entrepreneurs, which was officially published on the website of The Georgian Herald on 13 August 2020. The current version of the Law has been in effect since 1994.

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September-October 2020

Legislative Tracking

In July 2020, several amendments were introduced to the country’s Tax Code. 

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August 2020

Legislative Tracking

Several important amendments were made to Order N633 of the Minister of Finance of Georgia of 28 September 2011. The changes concerns the usage of tax privileges under international double taxation agreements and the rules for returning taxes paid by non-residents in Georgia.

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June 2020

Legislative Tracking

On 19 February 2020, the Ministry of Finance ofGeorgia submitted a bill on changes andamendments to the Tax Code. The proposedamendments are designed to fulfill Georgia’sobligations under the Association Agreementbetween Georgia and the European Union, whichforesees the convergence of Georgian taxlegislation with that of the EU and otherinternational legal instruments. 

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March 2020

Legislative Tracking

Amendments to the Organic Law “On the National Bank” were introduced to help the regulator swiftly identify commercial banks facing financial difficulties and preemptively resolve any problems in line with a bank’s preliminary plan, and should this fail, using the National Bank’s preliminary plan (resolution plan) or other resolution powers (resolution).

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January-February 2020

Legislative Tracking

The Association Agreement between the European Union and Georgia envisages the approximation of Georgian legislation with requirements of the European Union  aimed at establishing a competitive energy market. 

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December 2019

Legislative Tracking

On 30 October 2019, the Law “On Facilitating Prevention of Money Laundering and Terrorism Financing” entered into effect, while the Law “On Facilitating Prevention of Illicit Income Legalisation” of 2003 was suspended.

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November 2019

Legislative Tracking

A bill with the amendments to Article 36 of the Law On State Property has been submitted to the Parliament of Georgia.

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October 2019

Legislative Tracking

The provisions of the Organic Law “On Workplace Safety” that did not enter into force upon its publishing did so on 1 September 2019, including Article 2(1), which extends the application of the law to every field of economic activity.

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September 2019

Legislative Tracking

By virtue of the Order No. 221 of 16 July 2019 of the Minister of Finance, amendments have been made to Artice 221 of the Order No. 996 of 31st December 2010 "On Tax Administration" issued by the Minister of Finance of Georgia (the "Order"). These amendments introduced the term "Estimated Accrual".

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August 2019

Legislative Tracking

In its resolution made on 18 April 2019 in Case No.1/3/1263, the Constitutional Court of Georgia declared Article 273 of the Code of Administrative Offences unconstitutional in the part setting a 10-day limit for appealing court resolutions in administrative offence cases.

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July 2019

Legislative Tracking

Amendments to the Labour Code entered into force on 10 May 2019. The amendments recognise the sexual harassment of an employee as discrimination and put this issue on a statutory footing.

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June 2019

Legislative Tracking

Amendments set out in the Law of 27 December 2018, regulating the delivery of information about the financial assets and electronic of the costomers of payment services, came into effect earlier than planned: on 1 May 2019 instead of 1 July 2019.

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May 2019

Legislative Tracking

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