Peculiarities of the “Estonian” Tax Model in Taxation System of Georgia
Keywords:Taxation System; Corporate Income Tax; The Traditional Tax Model; Tax Deduction; The “Estonian” Tax Model; Taxable Expenses; Distributed Profit; Retained Profit.
AbstractGeorgia is a country of a transitional economy, one of the most important financial determinants of which is the tax system, which is constantly undergoing the changes to different directions in terms of perfection and development. Taxes somehow create a peculiar "bridge" between the macrofinance and microfinance, among which the corporate income tax gains the function of the crucial important tax in terms of efficient operation of the business sector. Among the reforms carried out in the economy of Georgia, one of the most topical directions among the economic reforms is establishment of the so-called “Estonian” model and its further implementation. The present paper deals with the relative aspects of traditional and Estonian models of taxation and substantiates the necessity of determination of the main directions of its perfection.
How to Cite
Bolkvadze, B. (2018). Peculiarities of the “Estonian” Tax Model in Taxation System of Georgia. European Journal of Interdisciplinary Studies, 4(2), 156–161. https://doi.org/10.26417/ejis.v4i2a.p156-161
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