Georgia’s Investigation Service under the Ministry of Finance has started criminal proceedings against four companies for large-scale tax evasion. Procedures followed investigative actions conducted in July.
Authorities determined that the companies systematically misreported their earnings in violation of national tax laws, avoiding a total of GEL 865,904 in taxes owed to the state. The alleged purpose of illegal activity was to gain financial benefits.
The investigation is being conducted under Article 218 (Part 2) of Georgia’s Criminal Code, which carries a prison sentence of five to eight years. The state is also taking steps to recover the evaded amount.
Officials have urged all businesses to comply with national tax regulations and settle outstanding debts within deadlines.
