- Clarification of Tax Regulations: The public decision outlines the taxation process for individuals using their own buildings or structures as primary means of production, specifying the conditions under which VAT applies according to Article 160(3)(b) of the Georgian Tax Code.
- Key Conditions for VAT Application: To qualify for VAT taxation, three conditions must be met: the building must be self-constructed, the individual must actively use the building in economic activities, and they must not have fully recovered the VAT when acquiring the property from another entity.
- Exclusions from Taxable Amount: The decision states that only costs directly associated with construction are subject to VAT; notably, the cost of the land on which the building is constructed is exempt from VAT, reflecting the existing provisions in the Georgian Tax Code.
Source infohub.rs.ge
