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NEWS

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Ifo World Economic Survey (Third Quarter of 2017)

04-Dec-2017

Ifo World Economic Survey (Third Quarter of 2017)

The ifo Institute is one of the leading economic research institutes in Europe, and publishes its World Economic Survey (WES) on a quarterly basis. The Ifo World Economic Survey is designed to give an accurate picture of the current economic situation and forecasts f...

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Trainings Conducted as part of the “Civil Society Organizations Supporting Free Trade with Europe” Project

14-Nov-2017

Trainings Conducted as part of the “Civil Society Organizations Supporting Free Trade with Europe” Project

In September and October 2017, PMC Research Center conducted trainings and stakeholder meetings about value chain analysis methods in seven regions of Georgia. More specifically, the trainings were carried out for civil society organizations (CSOs) in Kakheti, Kvemo Kar...

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Supporting Georgian National Communication Commission to Advance its Business Processes

11-Oct-2017

Supporting Georgian National Communication Commission to Advance its Business Processes

PMCG has started assisting the Georgian National Communication Commission (GNCC) to improve its business processes, under the USAID HICD 2020 Activity. For the GNCC, it is vital to have well-structured business processes to be able to fulfil its mandate, which incl...

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Reviewing Anaklia Deep Sea Port Baseline Action Plan

10-Oct-2017

Reviewing Anaklia Deep Sea Port Baseline Action Plan

PMCG, together with Antea Netherlands, recently started working on a project designed to study the Baseline Contamination Rectification Commitment Action Plan of Anaklia Deep Sea Port (ADSP) before giving it their seal of approval. Before the construction of Anakli...

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Product Selection for Value Chain Analysis Discussed in Adjara

29-Sep-2017

Product Selection for Value Chain Analysis Discussed in Adjara

On September 23, PMC Research hosted a working meeting to discuss and select the most valuable agricultural product for Adjara in order to conduct a value chain analysis (VCA), as part of the European Commission (EC) project “Regional Civil Society Organizations as Vect...

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PMCG Gathers EU Project Teams for Networking Event

27-Sep-2017

PMCG Gathers EU Project Teams for Networking Event

On September 22, PMCG staged a networking event, hosting Team Leaders and Deputy Team Leaders from all EU-funded projects in Georgia in which PMCG is a partner. In addition, representatives of the State Minister’s Office on European and Euro-Atlantic Integration (OSMEEA...

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Supervising Construction and Rehabilitation of Water Supply and Sewerage Systems in Georgian Towns

22-Sep-2017

Supervising Construction and Rehabilitation of Water Supply and Sewerage Systems in Georgian Towns

 PMCG, together with Hill International and Temelsu launched the Asian Development Bank (ADB) project, to supervise construction and rehabilitation works of water supply and sewerage systems in three Georgian towns – Bolnisi, Chiatura and Marneuli.The project team ...

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PMCG Consultant Shares Performance Improvement Experience at ISPI-EMEA 16th Annual Conference, Bologna, Italy

20-Sep-2017

PMCG Consultant Shares Performance Improvement Experience at ISPI-EMEA 16th Annual Conference, Bologna, Italy

Vano Tavadze, PMCG’s Senior Consultant in Institutional Capacity Building and Monitoring and Evaluation, participated in the International Society for Performance Improvement (ISPI)-EMEA 16th Annual Conference – Reshape Ecosystems, Re-Imagine Organizations, Reinvent Per...

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New Project to Support Rural Development in Khulo

19-Sep-2017

New Project to Support Rural Development in Khulo

 On September 15, the European Union launched a new development project entitled “Promotion of Rural Development and Diversification in Khulo Municipality”. The project is being implemented by Caritas Czech Republic in Georgia (CCRG) together with PMC Research...

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PMCG’s CEO Shares Expertise at 10th International Local Economic Development Forum

14-Sep-2017

PMCG’s CEO Shares Expertise at 10th International Local Economic Development Forum

On September 13, PMCG’s Chairman and CEO, Aleksi Aleksishvili, delivered a presentation to the 10th International Local Economic Development Forum (LED), organized by Tbilisi City Hall in cooperation with international organizations, including the Asian Development Bank...

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PUBLICATIONS

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99: Tourism- January-September, 2017

13-Nov-2017

99: Tourism- January-September, 2017

  In 2017, compared to the corresponding period of 2016: • In the first three quarters, the number of tourists increased by 29%; in the third quarter, the proportion of tourists making up total international travelers reached its peak at 52.1%.• In the first three quarters...

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98: Development of the Agricultural Sector- January-June, 2017

07-Sep-2017

98: Development of the Agricultural Sector- January-June, 2017

  In the agricultural sector: In the last eight years, total production output has fluctuated between 7.8% and10.3% of gross domestic product In the first quarter of 2017, foreign direct investment amounted to negative US$0.3 mln In the first half of 2017, the volume o...

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97: Remittances - January-June, 2017

26-Jul-2017

97: Remittances - January-June, 2017

  In the first half of 2017: Remittance inflows to Georgia amounted to $629 Mln Remittance outflows from Georgia amounted to $96.3 Mln Inflow from Russian Federation, United States, Italy, Greece, Israel, and Turkey amounts to 81% of total remittance inflows to Georgia...

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Support to Approximation of Georgian VAT Rules with EU VAT Legislation

26-Feb-2015
Start Date:
January, 2015
End Date: April, 2015
Region: Caucasus
Country: Georgia
Client: Ministry of Finance of Georgia
Origin of Funding: USAID/G4G

 

 

 

 






Project Description:

 

The objective of the project is to support the Ministry of Finance of Georgia (MoF) in gradual approximation of Georgian with EU legislation.

One of the priority areas of legal approximation under the Association Agreement is tax legislation, specifically value added tax (VAT). Policy and Management Consulting Group (PMCG) under the USAID / Governing for Growth in Georgia (G4G) project will develop recommendations in the VAT Approximation Action Plan for the Ministry of Finance of Georgia.

PMCG will collaborate with the MoF’s special working group and will conduct the following activities:

  • Comparative analyses of VAT Directive with the tax code provision on VAT and identify any discrepancies;
  • Prioritize the research results and the issues according to the criteria of feasibility and their impact on the private sector;
  • Organize and conduct discussions with the MoF’s working group and private sector representatives about complex VAT issues;
  • Support MoF to develop VAT Approximation Action Plan, ranking the tax code amendments according to priorities.


After clearly identifying the discrepancies in the comparative analysis, PMCG will explain the logic of provisions’ prioritization and their qualitative impact on private sector. As a result of the project, PMCG will provide a VAT Approximation Action Plan indicating the tax code amendments in order of priority.

 

Background Information:

Georgia and the European Union signed the Association Agreement (AA) on June 27, 2014. The Agreement offers Georgia a route to economic integration into the EU internal market, notably through establishing a Deep and Comprehensive Free Trade Area and constitutes a comprehensive ‘reform agenda’ for gradual approximation of Georgian legislation with that of the EU. One of the priority areas of legal approximation under the AA is the tax legislation and, in particular, the value added tax (VAT) related rules. The key EU legislation on VAT includes “Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax” (VAT Directive).

The Ministry of Finance (MoF) approached G4G with a request to provide technical assistance in analyzing the VAT Directive, prioritizing its provisions according to agreed criteria and developing recommendations on an approximation action plan. To support the process, MoF established the working group (WG) consisting of representatives from MoF’s Tax Policy Department, Revenue Service (RS) and the EU Twinning Project “Strengthening Administrative Capacity of the Georgian Revenue Service in Taxation” (EU Twinning Project). PMCG, as an implementing partner of G4G, will provide analytical support to the working group. It will prepare and bring issues to be discussed by WG members, collect feedback and lay down recommendations for legislative approximation. PMCG will also ensure the private sector’s participation in the VAT legislation review and conduct public-private consultations throughout the review process.



Follow the links below for more detailed information:

Simplification of Tax Code
USAID Georgia, Economic Prosperity Initiative – Assessment of Georgia-United Arab Emirates Double Taxation Treaty
Business Environment Improvement (BEI) Project in Kyrgyzstan
Governing for Growth in Georgia (G4G), by USAID





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