IFC, Revenue Service promote simplified trade regulations

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With the aim of helping Georgian entrepreneurs and companies learn how to take advantage of the recently simplified import-export procedures, as well as boost cross-border trade, the International Finance Corporation (IFC) together with Georgia’s Revenue Service hosted a two-day workshop in Batumi on February 24-25.

The workshop was carried-out within the framework of the Tax Simplification Project which is funded by the governments of Austria, Luxemburg, and the Ministry of Foreign Affairs of the Netherlands.

“The new tax and customs reforms simplify procedures for importers and exporters, helping to substantially reduce time and costs,” Jaba Ebanoidze, Director General of the Georgia Revenue Service, Tax and Customs Administration said at the workshop.

Thomas Lubeck, IFC Regional Head for the Caucasus, said that the IFC is committed to helping the Georgian government improve the regulatory environment for businesses.

“An important component of that work is increasing awareness among entrepreneurs of their rights and responsibilities, as well as with the legislative changes that affect their operations,” he said.

By Ia Natsvlishvili

1.03.2012