On 4 June, 2024, the Georgian Revenue Service published Law No. 4197-XIVмс-Xмп of 29 May 2024, which outlines changes to the Tax Code of Georgia related to tax exemptions for transferring assets to Georgia from foreign enterprises registered in countries with preferential taxation.
The law mentions that in case of transfer of ownership rights to all assets (including shares) of a foreign enterprise registered in a country with preferential taxation to a Georgian enterprise before 1 January, 2028.
This law will come into force immediately after its publication.