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    TBILISI CONSIDERING TAX AMNESTY FOR BUSINESSMEN

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    TBILISI, March 5, 2004 (RIA Novosti) - A bill, envisaging an amnesty for businessmen who will report skimmed profits before April 1, dominated the agenda of the Georgian Cabinet's meeting on Friday.

    The bill is a combination of two drafts worked out and agreed on by the Justice and Finance Ministries.

    According to Deputy Finance Minister Nodar Khaduri, the bill is called On Skimmed Taxes.

    Under the draft law, a person who will report all skimmed earnings and agree to pay relative taxes will have to pay 10% of his/her tax debt for the past 6 years before September 1. The state and the businessman will then sign an agreement to restructure the remaining portion of the debt.

    The Cabinet also discussed ways to improve Georgia's investment climate.

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