Monday, April 30, 2012

Ministry and Revenue Service agree on excise tax on local alcohol producing

25.04.2012.  Zaza Gorozia, Minister of Agriculture and Jaba Ebanoidze, Head of Revenue Service of Georgia introduced joined initiative to wine and alcoholic beverages producers. Initiative infers preferential excise tax on local alcohol producing. According to the proposal, if entrepreneur - producing excisable alcoholic beverage - obtains brand spirit from local producer, excise tax will not spread on brand spirit.When preferential tax will enter into force, alcoholic beverages maker – buying locally produced brand spirit will not be obliged to pay excise tax (4.60 GEL for 1 L).

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