The company Caucasus Energy & Infrastructure intends to use new incomes service and to conduct the governmental tax control, GHN reports.
"The Caucasus Energy & Infrastructure is going to conduct the tax checking. This body conducted the check in 2008 but in 2009-2010 checks were not held. We have foreign investors and they are interested how the company works and what tax obligations we have. With this connection we are taking decision to take a chance given by legislation and to conduct the tax checking," - Director General of the Caucasus Energy & Infrastructure Archil Mmateishvili said.
At the same time the taxation body informs that the governmental check will give a chance to the company to detect how the pay out to budget is performed and to abolish any mistakes in the following years. Such checks are giving to the company the possibility of minimization of tax risks; determine the tax obligations for making the investments more attractive.
Giorgi Tskhakaia, head of the incomes service said the interest for the government check is presupposed by several factors.
This service basically is used when the company is sold and buyer wishes to know the taxation risk of the company. In this case the buyer asks for the checking conducted by taxation body. After this it takes decision for purchasing of the company. The checking is demanded as well when the company wishes to reexamine itself annually. This means that the randomized mistakes will be detected not after 4- 5years but in the same year. This way the company will control own risks more easily, "- Tskhakaia said. He noted that company can demand the checking at any time, for specific needs.
"Any company that wishes to undergo the taxation check have to pay GEL30 thousand." According to head of Caucasus Energy & Infrastructure the company is interested to pay out for this purpose.
The dealer Galt & Taggart Securities is responsible for the bilateral quotas on the Georgian auctions and is de facto market maker of the CEI shares.