Abstract
The signs of Georgian tax legislation emerged as yet in Feudal Georgia. Today we meet quite improved tax legislation, which is characterized by all basic signs and properties, those which are necessary to satisfy the country`s vital needs and requirements. Fulfilment of constitutional liability to pay the taxes established by law presents necessary precondition for further stable development of country`s economy, as existence of the country is completely connected with taxes. No one could be charged with liability to pay the tax not foreseen by Tax Code. The establishment of taxes in Georgia is only parliament`s prerogative. Mandatory contribution in budget is tax provided that, if such contribution is stipulated by Tax Code. Tax Code determines the complete list of taxes. Tax constitutes a mandatory and unconditional monetary contribution to budget. The stability of tax legislation is a most important precondition for business environment`s stability. In order to make tax policy perfect it is important to improve tax legislation, which would encourage attraction of foreign investments in the country, which by itself will be a solid guarantor of country`s economic increase. Key words: business, tax, legislation, code, constitution, agreements, normative acts, competitive ability, account, regulations.
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