03/06/2003: The Contribution of MagtiCom to the State Economy of Georgia (May, 2003)
MagtiCom Ltd. makes its activities open to public and provides information on its contribution to Georgian economy.
In May 2003 MagtiCom's contribution (without offsets) to the state economy made up
GEL 6,874,865.56 while within the year 2003 (also without offsets) - GEL 23,430,507.79
| |
May 2003 |
Within 5 months of 2003 |
| Withholding tax (10% income taxation of foreign nationals) |
62,876.00 |
493,958.58 |
| VAT |
1,723,946.35 |
8,241,328.52 |
| Profit tax |
3,408,600.00 |
7,608,600.00 |
| Income tax |
96,589.39 |
493,765.57 |
| Property tax |
263,749.99 |
713,235.63 |
| Property transfer tax |
|
4,350.00 |
| Business tax |
|
364,250.10 |
| Highway Fund tax |
|
645,463.45 |
| Social needs tax |
167,900.00 |
850,800.00 |
| Customs duty |
1,033,046.27 |
3,363,062.34 |
| Accrued Interest tax |
|
17,424.23 |
| Advertisement tax |
|
64,151.00 |
| Local fees |
692.00 |
17,817.60 |
| Georgian National Communications Commission |
117,465.56 |
552,300.77 |
| TOTAL: |
6,874,865.56 GEL |
23,430,507.79 GEL |
MagtiCom Ltd. employs 400 people.
MagtiCom Ltd. applies the international GAAP accounting system.
Respectfully submitted,
Levan Buchukuri
General Director
MagtiCom Ltd.
