Georgia Grants Tax Incentives for Innovative Startups, Innovative SMEs, and R&D Service Providers

Georgia has published the Law on Amendments to the law on Innovation (Law No. 718-IIMS-XIMP) and the Law on Amendments to the Tax Code (Law No. 719-IIMS-XIMP), which provide for the introduction of tax incentives (benefits) for entities granted the status of an innovative startup, an innovative small and medium-sized enterprise (SME), and a research and development (R&D) service provider …
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