The issue raised by GDBA members has been resovled by LEPL Revenue Service.
N2657 The situational manual revealed that in case of cut of receivables, no tax liability arises as the part of profit tax.
N11121 In the situational manual defined an additional circumstance, according to which it was determined in which case the so-called bonus means service and, consequently, VAT taxable operation.
Georgian Distributors Business Association would like to thank the Ministry of Finance for active involvement in the process of resolving the issues raised by the Association in general.
