As the Georgian Revenue Service announced, the Georgian tourism sector businesses have had ₾40 million ($13.9mln/€13.3mln) written off in their property taxes from the previous year following a Government decision to alleviate effects of the Covid-19 pandemic on industry.
The amendments to the Tax Code of Georgia will see over 1,200 taxpayers benefit from the initiative through a reduction of their liability in property tax, the state body added.
The activities benefiting from the initiative include:
Hotels and similar accommodation facilities;
Vacation and other short-term accommodation facilities;
Restaurants and mobile food service businesses;
Beverage service activities;
Travel agencies, tour operators and other booking services and related activities.
The property tax exemption also applied to property transferred by lease or other such forms if it was used for any of the aforementioned activities.
Gov't to write off 2021 property taxes for tourism sector;
The Government decided to write off the property taxes from the country’s tourism sector businesses in April this year, following studies of challenges in the sector.
0
0
