Georgian government to boost large banks

Georgian government to boost large banks

The government has introduced new tax changes, which will allow large banks to save millions: it is about changes in the tax code, according to which the companies operating on the international stock exchanges will be exempt from paying taxes on the costs associated with entering the stock exchange.

Currently, the law only applies to the three major players that operate on international stock exchanges - 'Bank of Georgia', 'TBC-Bank' and 'Eveks' medical corporation, - 'Business-Georgia' reports.

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