Launch of the “Tax Calculator” in Georgia – Taxation


Georgia: Launch of the “Tax Calculator” in Georgia

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A new service –Tax calculator– developed by the National Statistics Service of Georgia (“Geostat”), was recently launched in Georgia.

Tax Calculator is a new electronic service that allows its users to determine the amount of their contributions to the budget in the form of their direct or indirect payments. It considers the income tax paid by an individual to be indirect taxes paid on the purchase of various goods or services, such as VAT and excise duties.

The new service allows users to know how much of the income an individual pays in indirect taxes and how these funds are distributed among budget items.

Interested parties must classify their income and expenses into certain categories.

The new service is available on the department’s page: http://mytaxes.geostat.ge/mytaxes/

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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