Major principles of the Corporate Income Tax (CIT) - so called Estonian Model - were discussed at the meeting held at the Ministry of Finance of Georgia for Chief Financial Officers (CFOs) of Business Association Members.

As noted by H.E. Nodar Khaduri, Minister of Finance of Georgia, it is vital to consider proposals and suggestions of businesses in the most comprehensive manner during the preparation for the draft law related to the initiative.

Technical and administrative issues associated with the introduction of an Estonian Model of CIT in Georgia were discussed along with the anticipated financial and economic outcomes of the initiative. Meeting turned out to be interactive and was attended by Deputy Ministers of Finance and staff of the Business Ombudsman’s Office.