The Ministry of Finance reported data revealing that tax revenue equaled GEL 1.82 billion in January 2025. This reflects an increase of GEL 180 million compared to the same timeframe of last year.
Despite such growth, primary tax categories still declined:
Value-added tax (VAT) – GEL 14 million decrease to GEL 644 million;
Excise tax collections – decreased by GEL 68 million equaling GEL 110 million.
The decline, specifically in tax revenue, is related to a rise in tobacco excise prices, which began in January 2025. As companies expected such a shift, they piled up tobacco products in advance.
