Traders implore the parliament to postpone the implementation of the cash register mandate till the year 2030.
Hot Off the Press:
Georgia's Market Traders Cry Foul over Cash Register Regulations
It's nothing but a ruckus in the halls of Georgia's Parliament as the Union of Trade and Commercial Centers (Markets) raises a stink about the looming cash register regulation for vendors. The Union, led by Chairman Mukhran Bagrationi, has penned a fiery appeal, wanting the government to hold its horses on the mandatory implementation until 2030.
The Union's fiery letter, delivered on June 9, has found a cozy spot in the Parliament's Finance and Budget Committee for a thorough evaluation. Under Georgia's hot-off-the-press Tax Code, market vendors will be roped into the digital age as early as 2026, but the Union sure ain't keen on that!
The Union sounded the alarm bell, arguing that the new regulation didn't fit Georgia's current socio-economic condition like a glove, and would sooner than later leave vulnerable traders high and dry. They scream that this move would add extra financial hassles and even lead to job losses, amplifying the misery of these struggling souls.
Many traders on the Union's hitlist are elders, are short-changed in the education department, or simply don't swing that way with money, making the cash register systems a tough nut to crack. The Union yells loud that the shift would also demand technical training and hefty infrastructure investments – a massive ask for cash-strapped vendors.
The Union args that this rule has been hanging around like a bad smell since 2005, but yet to see the light of day. The persistent deferral for nearly two decades points to an obvious conclusion – the market ain't ready!
The Union has two horses in the race: either the government should freeze the regulation until 2030 or let vendors choose the pace of adoption in a voluntary model. The Union also calls for a judicious review of penalties for non-compliance, suggesting that lawmakers ease up on the pressure.
The Union's crusade echoes Georgia's broad fiscal goals, but they plead for a merciful, step-by-step approach that doesn't trample on small traders' economic constraints.
In the grand scale of things, the Union's appeal could spell good news for Georgia's small traders navigating rough waters. Whether the government pours cold water on their plea or throws them a lifeline, remain to be seen!
Georgian parliament 🇬🇪 Trade market regulations 📊 Union of Trade and Commercial Centers 🛍️
- The Union of Trade and Commercial Centers in Georgia has urged the Georgian parliament to reconsider the implementation of new trade market regulations, arguing that it does not align with the current socio-economic condition, could potentially lead to financial hardships and job losses, and requires significant investments from small vendors.
- The Finance and Budget Committee of the Georgian parliament is examining the Union of Trade and Commercial Centers' appeal, following their plea for a delay in the mandatory implementation of the new trade market regulations until 2030 or adoption of a voluntary model, as well as the relaxation of penalties for non-compliance.
