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Abstract
Local and general-state taxes play one of the largest roles in the formation of the state budget. The current legislation in Georgia defines one local and five general-state taxes. Local taxes include property tax, and general-state taxes include income tax, profit tax, value-added tax, excise duty and import duty. If we do not focus on the grants and other revenues received by the state, which, according to the data of the year ended in 2023, constituted 9.2% of the total budget revenues, the importance of local and general-state taxes for the revenues of the Georgian state budget becomes clear. Considering the global market economy, the more the tax system is refined and optimized for both individuals and legal entities, the greater the potential for attracting investment and interest from both local entities and foreign investment organizations, which will encourage business and increase budget revenues.
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