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Georgian Government Gives 4-Month Tax Grace to Tourism Industry

March 13, 2020, 12:01 PM

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

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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