Tbilisi, Georgia: Lasha Khutsishvili, the Georgian Minister of Finance, gave a speech during the ‘17th Silk Road Tax Forum’, held at the joint initiative of the Revenue Service of the Ministry of Finance and the International Tax and Investment Center on 10-11 April, 2025.
In his speech, he pointed out the critical role of interactions within taxation for all countries along the historical Silk Road participating, as well as private sector and international organizations.
Moreover, Minister Khutsishvili stressed the need of institutional reforms for development of a dynamic economy and improved investor relations for stricter fiscal discipline. Moreover the same Georgian tax system with its low taxes, provides modern methods of taxation along with customs administration.
International Cooperation and Standards
It is to be noted that Georgia constantly strives to implement the highest international standards and safeguards and technological innovations, including through the use of artificial intelligence.
In addition, the Minister of Finance highlighted the steps taken by Georgia during the pandemic, post-pandemic and ongoing geopolitical challenges, which ensured economic growth and maintained sound fiscal parameters.
The discussion also touched on investments in strategic infrastructure projects such as roads, ports, energy transmission lines and digital connectivity.
He also spoke about the importance of increasing the efficiency of tax administration and sharing international experience in this regard. “Revenue mobilization and tax administration reforms are of particular importance.”
Minister Lasha Khutsishvili stated that in line with their future approach, the Ministry of Finance approved the country’s first medium-term revenue strategy (2025–2030) at the end of last year. In addition, the Georgian Revenue Service has updated and published a strategy for 2025-2030, which continues the spirit of reforms that has characterized our tax and customs administration over the past two decades.
Joining an International Organization
Georgia is one of the first nations to adopt base erosion and profit shifting (BEPS) as a candidate for EU membership and is a full member of the European Union tax program (FISCALIS) program.
Moreover, Georgia participates on several forums such as the Global Forum of the Organization for European Cooperation and Development (OECD), the Intra-European Organization of European Tax Administrations (IOTA), and Union of Tax Administrations of the Belt and Road Initiative (BRITACOM).
