“Businesses are quite justified in noting that tax stability is much more valuable for them than potential benefits from changing the system. Business suffers from being in a constant state of uncertainty while the authorities are permanently debating various, including most drastic, tax reforms”, said David Kapianidze, Head of Tax Law Practice, BMS Law Firm.

Kapianidze agreed that the moratorium on increasing the tax burden has been broken not once: «For instance, excise taxes have been increased. As for reducing the tax burden on small and medium-sized businesses, these reforms will not be implemented in their pure form, only in combination with other measures which will result in uncertainty and ultimately bring more harm than good”.