Since 2020, a highly important wide-scale change was implemented regarding tax administration. Based on the declarations submitted for a particular month, the taxpayer receives an automatic refund of the existing VAT surplus to his bank account.
The system is fully automated, and the process is based on a modern risk assessment system based on updated software developed by the Revenue Service. As a result of this reform, in 2021, based on more than 80.000 submitted applications, taxpayers were automatically reimbursed more than 800 million GEL without any delays or requests.
Source: eurofast.eu
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