[1] Presidential Decree 678 calls for elaboration of a new law on privatization of agricultural land and completion of the national land cadastre by the year 2005. Apparently a draft of such a law is already circulated in the Parliament.
[2] Amended September 3, 1997; September 18, 1997; December 12, 1997; February 5, 1998; May 1, 1998; May 13, 1998; May 29, 1998; June 26, 1998; October 13, 1998; October 30, 1998; December 24, 1998; April 2, 1999; April 16, 1999; June 8, 1999; June 9, 1999; June 25, 1999; July 23, 1999; September 9, 1999; December 9, 1999; December 24, 1999; December 28, 1999; March 24, 2000; June 28, 2000; July 13, 2000; September 27, 2000; September 28, 2000; October 11, 2000; October 13, 2000; November 10, 2000; November 24, 2000; December 5, 2000; December 13, 2000; December 29, 2000; March 16, 2001; April 27, 2001; June 8, 2001.
[3] Resident physical persons: who received income that was not taxed at the source of payment in Georgia; who have funds in accounts in foreign banks; or whose expenditures during the tax year exceed 25,000 GEL. As well as, non-resident physical persons with income from a Georgian source that is not taxed at the source of payment.
[4] In hindsight, the VAT threshold should have been much higher when the VAT was adopted.
[5] For example, it would help screen shell companies created for the very purpose to evade tax payments.
[6] FIAS, Georgia: Study of administrative barriers to investment, December 2001.
[7] This also applies to foreign investors, as numerous critical articles on taxation in Georgia published by the American Chamber of Commerce newspaper demonstrate.
[8] O: Observed.
[9] LO: Largely Observed.
[10] MNO: Materially Non-Observed.
[11] NO: Non-Observed.
[12] NA: Not Applicable.
[13] Although a draft law on Investment Funds has been prepared with assistance from USAID (IOSCO, 2001)
[14] C: Compliant.
[15] PC: Partially Compliant.
[16] MNC: Materially Non-Compliant.
[17] NC: Non-Compliant.
[18] NA: Not Applicable.
[21] Because Georgia is a member of the 1961 Hague Convention, on the abolition of legalization requirements of documents issued in foreign countries, only documents originating from countries not signatories to the Hague Convention require legalization by the consular offices.
[22] Article 4.3
[23] No. 2132-11s