Georgian Government Gives 4-Month Tax Grace to Tourism Industry

Georgian government will give a four-month tax grace period to thousands of local companies operating in tourism industry to ease the pressure of novel coronavirus impact on the country’s tourism-oriented economy, prime minister Giorgi Gakharia says at press-conference.

• About 18,000 companies and their employees will receive the tax grace
• Coronavirus impact on Georgian economy will be “huge”
• No need to announce national emergency yet
• Georgia will consider closing borders to more countries, such as Russia, if needed
• NOTE: Georgian Banks Give Clients 3-Month Grace Period to Halt Virus
• NOTE: Georgia has so far 25 confirmed novel coronavirus infection cases

To contact the reporter on this story:
Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editors responsible for this story:
Torrey Clark at tclark8@bloomberg.net

Vladimir Kuznetsov

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