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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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

On 12 June 2018, important changes to the Tax Code were published and came into force.

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July 2018

Legislative Tracking

On 11 May 2018, amendments were made to the Tax Code, according to which Paragraph 41 was added to Article 202.

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June 2018

Legislative Tracking

As of 7 May 2018, commercial banks may not provide loans to customers without the full analysis of their creditworthiness.

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May 2018

Legislative Tracking

On 21 March 2018, the Law on Labour Safety entered into force with the aim of protecting the health and safety of employees in the workplace.

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April 2018

Legislative Tracking

On 16 February 2018, the Government of Georgia adopted Order No. 86 on the Amendment to Order No. 136 of the Government of Georgia “On Approving the Rules and Conditions for the Issuance of a Mining Licence” dated 11 August 2005.

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March 2018

Legislative Tracking

Pursuant to a law passed by the Parliament of Georgia on 23 December 2017, a number of amendments to the Law on Activities of Commercial Banks came into force on 11 January 2018.

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February 2018

Legislative Tracking

The Parliament of Georgia made important amendments to the Tax Code of Georgia, which became effective on 1 January 2018.

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January 2018

Legislative Tracking

On 17 November 2017, several important amendments to the Tax Code came into effect, according to which tax incentives have been extended to motorcycles (including mopeds)  under the National Commodity Nomenclature of Foreign Economic Activities Code 8711, including:

·       VAT exemption – Article 168(1)(m); and

·       Excise exemption without right to deduction – Article 194(5) (k).

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December 2017

Legislative Tracking

On 13 October 2017, the parliament of Georgia adopted important constitutional amendments which serve two key objectives:

·       Ensuring full compliance of the Constitution with the fundamental principles of constitutional law; and

·       Establishing a relevant constitutional system for the long-term democratic development of the country.

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November 2017

Legislative Tracking

A draft law on “Public - Private Partnership” has been tabled in the parliament of Georgia, the purpose whereof is to develop transparent, efficient and modern legal and institutional framework for public - private partnership which will support the deepening of partnership between the public and private sectors, improvement of investment and business environment and create attractive environment for investments.

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October 2017

Legislative Tracking

As of 1 September 2017, the Accounting, Reporting and Audit Supervisory Agency is required to monitor quality control systems i.e. provide assessment of auditor/audit firm’s compliance with audits, reviews, and other assurance engagements and related international standards, requirement provided by the law, as well as compliance with ethic rules, quality and quantity of resources used, lawfulness of reimbursement received in return for auditing services and quality system control.

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September 2017

Legislative Tracking

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