According to the Revenue Service of the Ministry of Finance of Georgia, starting December 1, the recording of purchases of goods from individuals will transition to an electronic format. Instead of a paper-based document, the buyer will be required to issue an electronic purchase act through the Revenue Service’s authorised user portal (eservices.rs.ge).
The electronic purchase act will contain the same details as the existing paper-based document, with additional fields allowing users to specify the payment method and payment status.
The document can be confirmed in three ways: by entering a one-time code received by the seller via mobile phone, through a confirmation link sent to the seller’s mobile phone, or via the seller’s authorised user account.
The use of electronic purchase acts will also be voluntary when purchasing services from individuals.
The purchase act may be issued no later than the last day of the month following the month in which the purchase takes place. It may be confirmed or rejected within two months following the month of the transaction.
Issuing a purchase act is not required when purchasing property subject to mandatory registration (such as an apartment, land or a vehicle), where the relevant tax document has already been issued for the transaction, or when purchasing timber subject to special tracking and stock-accounting regulations.
The new mechanism is expected to simplify purchase record-keeping, facilitate the digitalisation of documents and enable integration with accounting software systems.
