On June 28, 2019, a law governing cryptocurrency taxation entered into force in Georgia, according to Bitcoin.com. It has received international attention as it is open to interpretation. A piece of good news is that Georgian Finance Minister Nodar Khaduri signed a law that exempts cryptocurrencies from VAT, the cash cow of many governments (the value-added tax that most countries levy on the sales of goods and services) when exchanging cryptocurrencies for fiat money.
Source: cryptoglobe.com
