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The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe. The digital economy makes up 15.5% of global GDP in 2021 and has grown two and a half times faster than global GDP over the past 15 years, according to the World Bank. [ 2 ]
Lawyers, accountants, tax advisors and other who provide tax advice as an ancillary service Information on transactions which meet one of 15 hallmarks of tax avoidance DAC7 Digital platforms who connect buyers and sellers engaged in the sale of goods, rental of accommodation, rental of transport or provision of personal services
Main functions of the ministry is regulation of financial sector by ensuring sustainable economic development and financial stability; enforcing state policies on financial issues, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; attracting foreign creditors to Georgian economy; improvement of budgeting, tax forecasting, financial ...
There are 6 flat tax rates in Georgia: corporate profit tax, value added tax, excise tax, personal income tax, import tax and property tax. [1] Personal income tax in Georgia are collected at a flat rate of 20% on local-source income. Foreign-source personal income is tax-exempt. [2]
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A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [ 1 ] [ 2 ] Depending on the jurisdiction , revenue services may be charged with tax collection , investigation of tax evasion , or carrying out audits .
Tbilisi self-government went through a difficult and interesting process before its formation. Tbilisi, as the political and cultural center of Georgia, has been in the center of multifaceted attention for centuries.
The Crypto-Asset Reporting Framework (commonly referred to as CARF) is a global initiative led by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes which is intended to promoted the automatic exchange of information between countries to tackle emerging tax evasion risks related to cryptocurrency and digital assets.