The CCIFG hosted its twelth General Assembly on November, 22nd !

Thursday, November 23, the President of the CCIFG, Antoine Bardon, as well as Natia Javakhishvili, General Director were happy to receive, at the Pullman Tbilisi Axis Towers hotel, the members of the Chamber for the meeting of the Board of Directors and the holding of the Annual General Meeting.

During the General Assembly, the 2023 activity report was presented, as well as the financial report.

It was an opportunity to look back on the highlights of the past year, from the European zone meeting of the CCI France international which was held at the beginning of February in Athens, to the seminar on corporate governance led by François Cottignies at the end of June, through the creation of the Committee of Women Entrepreneurs etc.

The CCIFG also had the honor of presenting its 9 new members, who were able to meet the rest of the assembly.

The members of the CCIFG renewed their confidence in Dominique Bayvet and Paata Moseshvili, re-elected to the Board of Directors.

The event ended with a dinner at the Dumas restaurant !

We would like to thank each of the members for their participation as well as the Pullman Hotel for organizing the event.

Amendments to the Tax Code of Georgia – VAT reform

11 February 2021

VAT reform

The Georgian Tax Code of 2010 has been recently amended to adopt a new VAT system. The amendments are part of a major recent reform aimed at eliminating shortcomings in the Tax Code in respect of taxation and tax administration.

The amendment echoes obligations taken on by Georgia within the scope of the Association Agreement between EU and Georgia, which, among others, aims to harmonize the Georgian Tax legislation with the EU Directive 2006/112/EC on the Common System of Value Added Tax (the VAT Directive). While positively affecting the taxpayers, the new VAT system introduced new regulatory provisions and altered the core principles of the VAT application, as further detailed below. The amendments came into force from 1 January 2021.