The FINANCIAL -- IFC, a member of the World Bank Group, and
Georgia Revenue Service trained employees of Revenue Service to provide
more efficient services to small and medium enterprises, thereby
reducing compliance costs for businesses.
The IFC Georgia Tax Simplification Project and the Georgia Revenue Service hosted a series of trainings for employees of Georgia Revenue Service centers and district officers in Western Georgia in the past two weeks. The seminars focused on the responsibilities of district officers who help businesses comply with legislative requirements.
Thomas Lubeck, IFC Regional Head for the Caucasus, said, “Simplified procedures help businesses save time and financial resources. We support Georgia Revenue Service in equipping their staff with the knowledge and tools they need to provide high-quality consultations and services for entrepreneurs.”
The IFC Georgia Tax Simplification Project is supported with funds from the governments of Austria and Luxembourg, and the Ministry of Foreign Affairs of the Netherlands.
Georgia has been a member of IFC since 1995. IFC’s cumulative investments in the country to date total $605 million in 40 projects across various sectors. IFC Advisory Services projects in Georgia focus on reforming the tax system to benefit small businesses, helping raise food safety standards, and strengthening the risk-management practices of banks.
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