Finance Minister presented 6 new initiatives today. According to Mamuka Bakhtadze, amendments will affect 120 thousand entrepreneurs. According to the amendments, taxation system for charitable organizations is changing and simplification of regulations for exporters and machinery exporters is also planned.

"We are launching one of the biggest reforms and it is a very good initiative of the Minister of Finance. More than 120 thousand entrepreneurs will benefit from this package of legislative amendments. The entrepreneur here means physical persons and we talk about 5-fold reduction, from 5% - to 1%, "- Giorgi Kvirikashvili said.

Mamuka Bakhtadze, Minister of Finance of Georgia made a statement about the initiative.