The Prime Minister of Georgia announced today that all natural persons, including individual entrepreneurs, will have their recognized tax debts incurred and unpaid before January 1, 2021, written off in full.

“In Georgia, a significant number of people, including sole proprietors, are struggling with tax debts, which is preventing them from participating in economic activities.

To address this issue, we have decided to write off all relevant debts, including those accrued before January 1, 2021, and unpaid tax arrears, including additional taxes.

Once this draft law is accepted, approximately 145,000 individuals will have their tax debts written off, totaling GEL 590 million. This initiative will allow these citizens to actively participate in our economy, contributing to its overall development”, - explained Irakli Kobakhidze.