ISET

On September 27, 2017, the first assessment of Pension Reform was conducted, within “ReforMeter”. Based on the Government Survey, 38.8% of the reform is already implemented. At this stage, the reform concept is elaborated and approved by the Government. In October, the draft law will be publicly available. The pension fund functions and obligations are formulated. The regulatory body is defined. Pension system operating rules are designed.

The reform was also evaluated by the reform stakeholders. They underlined that the reform concept was changed many times, and the last version is not still available. Hence, they were not aware of the final concept of the private pension savings (II Pillar) system, as well the indexation mechanisms of social pensions. According to the Ministry of Economy, the draft law on private pension savings will be published the first week of October.

ISET continues its student policy paper seminar series for the institute's (now graduated) second-year students. This time, Tatia Sosiashvili, Megi Tsikoridze, Nino Aladashvili, and Sopo Basilidze presented their joint paper on tax administration in Georgia. Their project, entitled “Current Challenges in Tax Administration (VAT)”, was supervised by Eric Livny, President of ISET and the ISET Policy Institute, and Sophiko Skhirtladze, an ISET Resident Faculty member and head of the Private Sector Development Policy Research Center.

The students explained that tax administration is an important tool for the government to implement and enforce tax laws and receive mandates by law. It includes the management of taxpayers’ registration, including the detection of non-registration and false registration; the processing of tax returns, withholdings and third-party information; the verification or examination of the correctness and completeness of received information; the process of enforced debt collection, and the handling of administrative appeals and complaints.

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