THE REPORTING PROCESS FOR THE 2024 REPORTING PERIOD HAS STARTED! PLEASE SUBMIT YOUR REPORTS, IMMEDIATELY, AS SOON AS THEY ARE AVAILABLE

A memorandum of cooperation was signed between SARAS and the Revenue Service to optimize tax administration

A memorandum of cooperation was signed between the MoF’s SARAS and the Revenue Service which aims optimization of tax administration system

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Rendering professional services remotely is not restricted for the duration of the state of emergency

An amendment was made to the ordinance №181 of 23 March 2020 of the Government of Georgia on “the Approval of Measures to be Implemented in connection with the Prevention of the Spread of the Novel Coronavirus (COVID-19) in Georgia”

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COVID-19 in a global context – useful information for representatives of profession

The world faces a new challenge due to COVID-19 pandemic. Considering the new circumstances, significant changes are expected in all areas of business activity. Thus, accounting, reporting and auditing sphere is not an exception. There arise various questions that need to be addressed. 

SARAS started updating Useful Links section on the website. It enables all interested parties to be introduced to views and recommendations from competent authorities, international organizations and oversight bodies. 

A single window principle is introduced to improve the service quality for business sector

A memorandum of cooperation between SARAS and Data Exchange Agency of the Ministry of Justice of Georgia aims at providing integrated, secured and high-quality electronic services (E-services) 

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An amendment was made to the normative act of SARAS

An amendment was made to the order No 17 of 28 October, 2016 of the Head of SARAS on "forming web-page and registry, its structure, form, information indication and identification procedures"

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Guidance on COVID-19 - Impact on Financial and Management Reporting

Given recent epidemiological developments, SARAS has released the following Guideline in response to the challenges that may be confronted by entities, preparing financial and management reports, as a result of the COVID-19 coronavirus pandemic. 

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