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"Ibccs.tax Georgia" has been helping Georgian and foreign investors discover the business potential of Georgia.

Recent changes to the Entrepreneur Law are set to reshape the business landscape. What do these changes mean for your business?

On March 13, 2024, the European Parliament approved the world's first harmonized regulatory act, The AI Act (hereinafter referred to as...

As of March 1, 2024, the new law “On Personal Data Protection” has been enacted (Hereinafter – “Law”). Certain provisions of this Law will take effect on June 1, 2024, while others will be implemented on January 1, 2025. The primary objective of the new Law is to enhance the standards and guarantees of personal data protection while reinforcing effective mechanisms aimed at safeguarding human rights. The amendments to the Law primarily impact video monitoring, introducing leg

In 2011, Georgia made a resolute move towards global financial transparency by embracing the Common Reporting Standard (CRS), an...

Incorporating the latest amendments to the New Law on Entrepreneurs, updated deadlines have been established for entrepreneurs registered in Georgia until January 1, 2022, to bring their registered data into compliance with the new regulations. Furthermore, the legislation outlines in a thorough manner the legal consequences in case of non-fulfillment of this obligation. The article discusses in depth the implications for businesses based on the recent changes. 1..The deadli