Revenue Service writes off GEL 423,141,969.65 for individuals under tax relief

FCHAIN Georgia office informs:

The Revenue Service has written of GEL 423,141,969.65 in tax debts for 65,340 individuals as part of the tax relief initiative.

According to the Revenue Service, enforcement measures such as mortgages and property seizures will be automatically cancelled.

This initiative by the Georgian government will benefit all taxpayers, including businesses that request the cancellation of recognized tax debts, including accrued taxes, arising before January 1, 2021.