Browsing by Author "Chikviladze, Mikheil"
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Item 2019 budget, fiscal risks(Ivane Javakhishvili Tbilisi State University Press, 2019) Chikviladze, Mikheil2019 State Budget, Fiscal Risks includes analysis of amendments to “the Law of Georgia on State Budget 2019“, discusses conceptual issues of new distribution of VAT on budgets of local, territorial units ‘’municipalities“, it also emphasizes the state debt , depreciation, negative events of economic shock, fiscal risk analysis of 2019 is also made.Item Covid 19 - fiscal policy objectives and priorities(Ivane Javakhishvili Tbilisi State University Press, 2021) Chikviladze, MikheilDespite easing the economic impact of the Covid-19 pandemic, the Georgian government has implemented multilateral fiscal assistance measures, the lari exchange rate, inflation, declining investment and rising domestic debt have led to economic downturns and exacerbated lari inflation problems. The positive trends in the sectors have stopped altogether. Due to the mentioned problems, Sak. The government should set specific measures, the proper funding of which should be reflected in the draft state budget for 2022.Item Covid-19 pandemic - risks of economic growth(Ivane Javakhishvili Tbilisi State University Press, 2022) Chikviladze, MikheilThe Covid-19 pandemic has exposed unprecedented circumstances to businesses and individuals and natural persons with tax liabilities, as well as the entire population. The government of Georgia must take decisive action to reduce the effects of the crisis on businesses, taxpayers and householdsItem Impact of the introduction of the common treasury code into accounting of tax revenues(Ivane Javakhishvili Tbilisi State University Press, 2019) Chikviladze, MikheilThe more difficult tax compliance is, the greater the risk of tax avoidance and vice versa. One of the key components to improve tax compliance is a simple tax payment system. Simplicity of payment is a part of the “doing business” ratings criteria. From January 2016 Georgia introduced the single treasury code. 101001000 is now the only thing taxpayers need to know to pay their taxes. This new approach has improved the previous system of tax revenue accounting and has subsequently influenced many aspects related to taxes, tax administration and revenue analysis. Before introducing single treasure code, treasury accounts for paying taxes in Georgia were detailed and had a breakdown consisting of regions, tax authorities and tax types (including sub types for each tax, differentiating many types of products and services, sanctions etc.), creating thousands of possible combinations for generating necessary code. On the one hand detailed information may seem convenient and useful for tax revenue analysis purposes, but in fact, without sufficient responsibility and controlling mechanisms at hand, the data may become unreliable. From 2016 taxpayers do not spend their valuable time for selecting necessary treasury code for making tax payments. All responsibility for proper tax revenue distribution comes on Revenue Service of Georgia. Distribution is done on daily basis and is based on taxpayer related data, including tax declarations, personal accounting cards for transactions, registration data etc. Payment of each taxpayer is distributed considering dates of emergence of all recognized tax liabilities (old liabilities are first covered). Results of submitted declarations are also enough grounds for automatic offsets among tax types. These new approaches increased possibilities for proper tax revenue allocation not only among tax types, but also among budgets as well. Introduction of single treasury code should not be perceived as a simple treasury code unification process, but as an important step forward and reform, that made tax compliance simpler and created sufficient grounds for improving tax revenue analysis, tax administration and tax revenue distribution.Item Prospects (factors) for post-pandemic period economic recovery(Ivane Javakhishvili Tbilisi State University Press, 2023) Chikviladze, MikheilSince the beginning of 2021, a much faster trend of economic recovery has become clear, despite this from the beginning of the pandemic, uncertainty about the global economic recovery trends remains high. At this point, the pace of economic recovery depends on various important factors, including how effectively medical measures will be implemented to limit the spread of the virus, how successful economic support measures will be in eliminating long-term damage, and more.Item Tax changes, challenges, recommendations(Ivane Javakhishvili Tbilisi State University Press, 2018) Chikviladze, MikheilThe functioning of the tax-budget system is a prerequisite for sustainable financial and economic development of the state. The current transformation process in Georgia and the EU integration policy have made significant changes in tax legislation, in the course of this process, the economy is characterized both positive and negative events, analysis of which gives an opportunity to determine the expected results in short and long term periods