PMCG Monthly Tourism Update
Group, Policy and Management Consulting | May 2020
The government of Georgia has acknowledged the vulnerability of the tourism sector to the COVID-19 crisis from the very start of the pandemic. The first anti-crisis measures, discussed in our March update, were directed exclusively to the tourism sector. These measures included: Income tax deferral for four months, which was used by 5 715 entities, as of March 181 (the mechanism was modified and extended to the end of the year on May 7th) and co-funding of interest payments for 6 months for hotels, for which 3 000 entities applied for as of May 1st (according to the the Minister of Economy and Sustainable Development, Natia Turnava)(entry requirements for the programme was modified on May 7th). The economy-wide anti-crisis package introduced on April 242 included measures such as 200 GEL monthly assistance to the newly unemployed for six months; one-time 300 GEL assistance to the self-employed; full exemption of income tax for workers with salaries under 750 GEL for six months; and doubled VAT returns to the firms. These measures alleviated burden of the crisis on the firms operating in all industries, including tourism.
CitationGroup, Policy and Management Consulting. 2020. PMCG Monthly Tourism Update. © Policy and Management Consulting Group. http://hdl.handle.net/11540/12192.
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