7 amendments that come in force today in Georgia
01 October, 2018
7 amendments that come in force today in Georgia
On the 1st of October, 7 new amendments come in force in Georgia.

1. Taxi cars to be licensed


Taxi drivers will be prohibited from providing service without a license. Currently, 9659 taxi drivers are registered as licensed. Those who will provide taxi service without a license will be fined 200 GEL.

2. 3rd stage of technical inspection


Today the third stage of periodic inspection of the vehicles commences. Specifically, all vehicles with 3000 cm3 or over engines are obliged to inspect their
cars. From the 1st of January, all kinds of vehicles will be obliged to pass the periodic technical inspection.

3. Plastic bags are banned


The use and production of plastic bags are officially banned. Production of bags thicker than 15 microns will be banned in the beginning, but from the 1st of April production, as well as import and distribution of the plastic bags, will be banned throughout the country. If the regulation is violated, fine equates to GEL 500. If the violation repeats, the violator will be fined with GEL 1000 and the product will be confiscated as well.

4. Giving credit becomes easier


The process of buying on credit will require the inspection of the revenue history of physical individuals. The communication between revenue service and commercial banks will become tighter in order to ease the process for those individuals who have declared revenues. If desired, monthly information about the revenue becomes available for the banks. Later, other organizations which also give credits will be able to use the scheme.

5. New standard of diesel


The quality of diesel is going to meet the European standards. Currently, it will reach the standard of “Euro 4”. It is going to rise at “Euro 5” for 2020. The mentioned regulation involves reduction of sulphur of imported diesel in Georgia.

6. Compulsory audit


Certain companies will be obliged to submit to the process of audit. The regulation will be compulsory to follow for the companies which possess assets of 10-50 million, revenue of 20-100 million and the average number of employees of 50-250.

7. The activity of companies to be registered


Companies are obliged to register their activity in the registry office. The regulation applies to the companies which provide dangerous and risky occupations. The mentioned companies were to be registered by the 1st of October but has been extended to the end of October. If the company violates the rule in November, the fine will amount to 1000 GEL.

Source: www.bpn.ge

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