Upon the initiative of the government, the turnover tax for small entrepreneurs will be reduced five times, in addition, the enterprise with a turnover of up to 500,000 GEL will be included in the category of the small entrepreneur.
Reform Standings
| Reform | Government | Stakeholder |
|---|---|---|
| Agricultural Development |
74.9% |
5.63 |
| Capital Market Development |
67.7% |
5.0 |
| SME/ Innovation Development |
39.2% |
4.33 |
How the Reforms are Affecting the Economy
The Latest News
On February 2 2018, the second phase assessment of SME/Innovations Development reform was conducted within ReforMeter.