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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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

On 19 February 2019, the Parliament of Georgia adopted a new organic law on Occupational Safety.

The adoption of the law was conditioned by the new redaction of the Constitution of Georgia, which requires that the issue of occupational safety of employees be put on a statutory footing in the form of an organic law. 

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April 2019

Legislative Tracking

Article 61 was added to the order №996 of the Minister of Finance of Georgia: Category of Taxpayers, according to which a taxpayer is categorized based on their size.

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March 2019

Legislative Tracking

From 23 January 2019 onwards, commercial banks of Georgia may issue loans/bank credits in foreign currency in the equivalent amount of up to GEL 200,000, instead of GEL 100,000, to natural persons who are not citizens of Georgia and/or legal entities that are not registered in Georgia.

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February 2019

Legislative Tracking

On 1 January 2019, several important amendments to the Tax Code of Georgia entered into force.

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January 2019

Legislative Tracking

As per the announcement of the National Bank of Georgia dated 14 November 2018, as of 1 January 2019 the Statute on Issuance of Loans to Natural Persons will enter into force, whereby a lender must conduct an insolvency check of the potential borrower before loan origination.

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December 2018

Legislative Tracking

On 12 October 2018, President of the National Bank of Georgia (NBG) signed Order No. 226/04, approving the prospectus issuance rules for bonds and shares. The rules aim to raise the level of transparency and reliability in the securities market, protect the interests of the existing and potential investors, and enable informed investment decisions.

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November 2018

Legislative Tracking

As of 1 September 2018, Order No. 193/04 of the National Bank of Georgia entered into force whereby the principles on registration, cancellation of registration, and regulation of a credit bureau were determined.

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October 2018

Legislative Tracking

As of August 2018, several changes entered into force in the Civil Code of Georgia aimed at the protection of the rights of consumers in loan/credit relations, as well as the reduction of the risk of excessive debt.

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September 2018

Legislative Tracking

In July 2018, amendments to the Law of Georgia on Licences and Permits entered into force, which aim to regulate Taxi (M1 category) services provided via safe light vehicles on the territory of Tbilisi.

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August 2018

Legislative Tracking

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