Legislative Tracking

News

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.

Explore content

The Order enters into force on 1 March 2022, regulating a number of issues:

  • the status of VAT payer
  • granting and revoking the status of unqualified VAT payer
  • transfer of the taxpayer to the special rule regarding the use of the VAT tax invoice
  • and etc.

Download the brochure
 

March 2022

Legislative Tracking

On 31 December 2021, the Minister of Justice of Georgiaissued Order No 797, approving Instruction OnRegistration of Entrepreneurial and Non-entrepreneurial(Non-commercial) Legal Entities and abolishing thecurrent Instruction On Registration of Entrepreneurialand Non-entrepreneurial (Non-commercial) Legal Entities(approved by Order No 241 of 31 December 2009).

Download the brochure
 

January 2022

Legislative Tracking

On 7 December 2021, Article 1¹ “Beneficial owners ofincome” was added to the Order No. 633. For the updates read our newsletter.

Download the brochure
 

December 2021

Legislative Tracking

On 21 October 2021, the State Inspector approved Order No 11, setting forth the list of 48 countries where appropriate guarantees of personal data protection are established.

Download the brochure
 

November 2021

Legislative Tracking

On 7 July 2021, Georgia and the Republic of Poland signed the Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (“the Agreement”); it was submitted to the Parliament of Georgia for ratification on 4 October 2021.

Download the brochure
 

October 2021

Legislative Tracking

On 2 September 2021, the Government of Georgia adopted Resolution No 447 On Approval of the Concept of the Natural Gas Market Model. The Concept lays down the guiding principles for the organization and functioning of the natural gas market in Georgia and outlines its structure.

Download the brochure
 

September 2021

Legislative Tracking

On 2 August 2021, the new Law on Entrepreneurs passed its third reading in the Parliament of Georgia. It enters into force on 1 January 2022. The main objectives of the Law is to rectify deficiencies in existing regulation and bring Georgian corporate regulation closer to the regulation of the European Union in line with the EU–Georgia Association Agreement.

Download the brochure
 

August 2021

Legislative Tracking

The Parliament of Georgia adopted a resolution on 22June 2021 that ratified the United Nations Conventionon International Settlement Agreements Resulting fromMediation. The document seeks to facilitate thesettlement of cross-border commercial disputes.

Download the brochure
 

July 2021

Legislative Tracking

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).

Download the brochure
 

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.

Download the brochure
 

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. 

Download the brochure
 

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.

Download the brochure
 

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.

Download the brochure
 

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.

Download the brochure
 

September-October 2020

Legislative Tracking

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

Download the brochure
 

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.

Download the brochure
 

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. 

Download the brochure

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).

Download the brochure

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. 

Download the brochure

December 2019

Legislative Tracking

Back to Legal

Did you find this useful?