Tax litigation against the state, considered by Kutaisi Appeal Court, was concluded in favor of a private entity. The case was concerning legitimacy of tax charge of approximately 200 mln GEL, which was imposed the result of tax inspection, performed by LEPL Revenue Service in 2015.
By the decision of the Administrative Chamber of Kutaisi Appeal Court, calculation of tax charge for Georgian Manganesi, Ltd. by the tax agency was performed without studying and assessing circumstances, important for the case. Materiality legislation was violated and therefore the Appeal Court declared the basis for tax charge imposed on a private entity null and void and demanded the tax agency to issue a new administrative legal act.
Georgian Manganesi, Ltd. is a society, founded by an American company Georgian American Alloys, which is an owner of three major enterprises in Georgia – Zestafoni Ferroalloy Plant, Chiaturmanganum Georgia and Vartsikhe HPP Cascade.
