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Tax revenue payments from foreigners to Georgia's state budget increase

Finance Materials 7 November 2019 11:05 (UTC +04:00)

BAKU, Azerbaijan, November 7

By Tamilla Mammadova – Trend:

Tax revenue payments to Georgia's state budget paid by foreign-owned enterprises in the country have increased Trend reports via the Georgian State Commission on Migration Issues.

Tax revenue for the Georgian state budget paid by foreign-owned enterprises in Georgia reached 945.1 million lari ($320.2 million) in 2018.

Tax revenues paid by foreign-owned enterprises is steadily increasing, said the commission. In 2015 the payments stood at 719.6 million lari ($243 million), in 2016 - 820.4 million lari ($277.1 million).

In 2017 the figure reached 827.5 million lari ($279.5 million).

There were 17,122 active foreign-owned enterprises in Georgia, which were paying taxes in 2018. Most of them were registered in Tbilisi.

(1 USD = 2.96 GEL on November 7)

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