US EditionGD Authorities Replace Six-Year-Older Car Import Ban with Up to Fivefold Excise Tax - Civil Georgia
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GD Authorities Replace Six-Year-Older Car Import Ban with Up to Fivefold Excise Tax - Civil Georgia
Georgian authorities have dropped their earlier plan to ban the import of vehicles older than six years after protests, but will instead impose a high excise tax on such cars, fueling criticism that the move amounts to a de facto ban through around a fivefold tax increase. While Georgian officials cite environmental concerns behind the decision, critics say the move will force buyers to pay up to GEL 10,000 [USD 3,700] in taxes alone if they dec…
We have adopted new regulations regarding the import of vehicles older than six years and we want to make certain adjustments to this decision. In particular, instead of banning the import, a customs clearance fee of 4.5 GEL will be imposed on the relevant vehicles, that is, the excise duty will be determined by the corresponding amount, – the Prime Minister of Georgia, Irakli Kobakhidze, announced at today’s government session. According to the…
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