Consumption trends as shown by survey of retailers and consumers
4.1
Consumption trends seen in retailers
4.2
Trends revealed by consumer research
5.
Current Sales and consumption and future prospects
5.1
Current sales and consumption
5.2
Future prospects
6.
Advise on Accessing the Japanese Market
Appendix
1
Outline of provisions on mineral water provided for under the Foods Sanitation Law
2
Example Retail Price of Mineral Water
3
Selected domestic Suppliers and Importers
4
Wholesalers, Distribution Agents
5
Relevant Organization
6
Exhibitions and Trade Fair
. The International Monetary Fund has outlined a refund strategy that includes limiting entitlement to immediate refunds, distinguishing claimants with a history of compliance, and using pre-refund audits for high-risk refund claims and post-refund audits for claims of lesser risk.
. The International Monetary Fund has outlined a refund strategy that includes limiting enh1ment to immediate refunds, distinguishing claimants with a history of compliance, and using pre-refund audits for high-risk refund claims and post-refund audits for claims of lesser risk.
Amount of taxable income during the tax year
Tax rate
Up to 200 GEL
12% of the taxable income
201 to 350 GEL
24 GEL + 15% of the amount in excess of 200 GEL
351 to 600 GEL
46.5 GEL + 17% of the amount in excess of 350 GEL
More than 600 GEL
89 GEL + 20% of the amount in excess of 600 GEL
Group
Types of Fixed Assets
Percentage Depreciation
1
Passenger automobiles, automobile and tractor equipment for use on roads, special instruments, miscellaneous accessories, computers, peripherals and equipment for data processing and storage.
20
2
Automotive transport, trucks, buses, special automobiles and trailers, machines and equipment for all sectors of industry and the foundry industry, forging and pressing equipment, electronic equipment, construction equipment, agricultural machines and equipment, office furniture.
15
3
Railway, sea, and river transport vehicles; power machines and equipment; turbine equipment; electric motors and diesel generators; electricity transmission and communication facilities; pipelines.
8
4
Buildings and structures
7
5
Assets subject to depreciation not included in other groups.
10
Taxpayers
Taxes Paid by Employers and Entrepreneurs
Taxes Paid by Employees
Social Tax
Employment Tax
Social security Tax
Physical person entrepreneurs and legal persons who pay wages to employees.
27%; not less than 16 GEL per month
1%
Physical persons who receive remuneration as employees or on a contract basis.
1%
Physical person entrepreneurs.
27%, not less than 16 GEL per month
1%
Physical persons who carry out non-entrepreneurial economic activities in Georgia.
27%, not less than 16 GEL per month
1%
. This tax is imposed on the transfer of real estate located in Georgia, inheritances and gifts, and the transfer of motor vehicles. The transferee is subject to the tax. Transfers of title, as well as certain leases of real estate are taxable.
. This tax is imposed on the transfer of real estate located in Georgia, inheritances and gifts, and the transfer of motor vehicles. The transferee is subject to the tax. Transfers of h1, as well as certain leases of real estate are taxable.
For property received as inheritance, the tax is due no later than 6 months from the receipt of documents transferring title. For property received as gifts, the tax is due within 1 month of the transfer.
For property received as inheritance, the tax is due no later than 6 months from the receipt of documents transferring h1. For property received as gifts, the tax is due within 1 month of the transfer.
· A general shareholders' meeting is entitled to elect the supervisory board members, make amendments into the charter of the company, approve the annual report presented by the company directors, elect auditors and so on;
· A general shareholders' meeting is enh1d to elect the supervisory board members, make amendments into the charter of the company, approve the annual report presented by the company directors, elect auditors and so on;
OECD Principles of Corporate Governance
O
LO
MNO
NO
NA
Comments
Principle 1
X
Difficult to access the records of the court enterprise registers and uncertainties in knowing if shareholders are sharing in company’s profits
Principle 2 - Fundamental corporate changes.
X
Principle 3 - Shareholder meetings.
X
Not uncommon practice of failing to hold the required shareholders’ meetings
Principle 4 - Proportionate control.
X
Principle 5 - Markets for corporate control.
X
Limited by low liquidity in stock market
Principle 6 - Equal treatment of shareholders.
X
Effective redress requires review under a court system that is heavily overburdened and has not yet made any decisions on similar cases
Principle 7 - Procedures for shareholder meetings.
X
Principle 8 - Insider trading.
X
Effectiveness of legal restrictions limited by low liquidity of the stock exchange and small size of the business community
Principle 9 - Insider disclosure.
X
Minor role played by supervisory boards in the strategic guidance of companies
Principle 10 - Rights of stakeholders.
X
Principle 11 - Corporate disclosure.
X
Less than complete disclosure by most reporting companies, particularly of financial and operating results
Principle 12 - Accounting and auditing.
X
Weak auditing practices and an audit law that allows liability to be capped in the contract between the company and the auditor