Economy Minister says GEL 600 million to be returned through VAT refund for businesses

At least GEL 600 million will be returned to the country’s economy through VAT refund mechanisms for businesses.

“We should not forget the innovation related to automated VAT refund for businesses. This mechanism will be greatly simplified and it is an opportunity to invest an additional resource of at least GEL 600 million in the economy. It will be very useful for our businesses by the time they start the road to recovery, and you know that we have already started easing some restrictions very carefully, ” Minister Turnava said.

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