The “Estonian model” has been launched for the Georgian insurance industry.
According to the “Estonian model”, the tax on distributed profits for insurance companies will be reduced from 20% to 15%, and in case of reinvestment of profits, the company will be exempted from this tax. Representatives of the insurance sector say that considering their annual profits, this will be an important step for the development of the insurance sector in the country.
By Mariam Mtivlishvili
