The FINANCIAL — USAID and Georgia’s Tax Department to present new tax payment simplification reform on December 9. This reform, supported by USAID from its origination to its formal establishment, eliminates the often expensive challenges of 125 treasury codes for tax payments, reducing them to 1 and improving the business enabling environment.
By simplifying tax administration businesses will save time, money, and reduce their risk of acquiring penalties when mistakes are made. With the new initiative, tax payment transactions will decrease considerably as well as the refund time for overpaid taxes.
During the past 23 years, the American people, through USAID, have invested over $1.5 billion in Georgia. USAID projects are designed to support Georgia’s transition to a free and prosperous democracy and include initiatives to accelerate economic growth, develop democratic institutions, and improve health and education. USAID provides economic and humanitarian assistance in more than 100 countries. G4G is a 5-year $19.3 million project funded by United States Agency for International Development (USAID) and implemented by Deloitte Consulting LLP. G4G aims to support the Georgian government to create a better business enabling environment in which legal and regulatory reforms are fairly and transparently conceived, implemented and enforced through consultative process.
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