On 25 September ReforMeter, the USAID Economic Governance Program, and the Georgian Tourism Industry Alliance jointly hosted a public-private dialogue to discuss the progress of tourism reform with local stakeholders in Kutaisi, Georgia.
The profit tax system that came into force on January 1, 2017, in Georgia aims to create a favorable business environment, accelerate economic growth, and improve tax administration. This system is based on the distributed profit taxation regime, similar to the one implemented in Estonia.
The Tourism Reform incorporates the amendments envisioned by the Tourism Draft Law, which was initiated by the Parliament of Georgia. In addition, it encompasses planned changes in the tax benefits system for agritourism and wine tourism service providers.
For the third quarter of 2023, business confidence in Georgia decreased (by 10.7 index points) and reached 15.7. The highest business confidence is observed in the financial (26.4) sector. The negative change in BCI for Q3 2023 was driven by worsened past performance as well as less optimistic expectations.
On 25 July, ISET Policy Institute, with support from the Swedish Embassy, met representatives from local non-governmental and international organizations, and from the Kutaisi public and private sectors, in order to introduce its activities and key products.