Introduction The Republic of Georgia offers multiple tax incentives/exemptions for individuals and legal entities. One such incentive was applicable for natural persons selling up to… Read More »Amendment of the Tax Law of Georgia, according to which selling 4 apartments by individuals is not explicitly exempted from VAT anymore
Individuals with the status of “Small business” can pay only 1% personal income tax in Georgia Under article 90 of the Georgian tax code, an… Read More »“Small business” status (1% personal income tax) in Georgia; Practical advises about application of 1% tax rates in Georgia
By Gela Barshovi, International and Georgian tax adviser and managing partner at an accounting/consulting firm TPsolution Georgia and Japan competent authorities on 22th of October… Read More »Tax treaty between Georgia and Japan has been renegotiated
Note: This article has initially been published by Gela Barshovi on “Forbes Georgia”. Georgia, with its growing economy, has the intention of becoming one of… Read More »Low taxation, Tax Incentives and Tax Exemptions provided by Republic of Georgia for Natural Persons
Note: This article has initially been published by Gela Barshovi on MNETax On 8 October, Georgia’s government published decree #619, providing new tax incentives for… Read More »New tax incentives in Georgia for foreign IT and shipping companies
Georgia offers highly beneficial taxation system to individuals and legal entities. The non-exhaustive list of Georgia’s tax incentives is given below: For natural persons (individuals):… Read More »Tax residency rule in Georgia and importance of being Georgian tax resident
By Gela Barshovi The Republic of Georgia’s Ministry of Finance The Republic of Georgia’s Ministry of Finance on 23th July this year published the synthesized text… Read More »Georgia publishes amended text of tax treaties with Iceland, Ireland, Finland, Luxemburg, Slovenia
Georgian Ministry of Finance has published a public decision regarding the taxation of cryptocurrencies in Georgia. According to the decision: Profit received by Georgian resident… Read More »Preferential (new) rules of cryptocurrency taxation in Georgia
Georgia which is located in the Caucasus region on the crossroad between Europe and Asia provides a number of highly beneficial tax incentives for the… Read More »Tax rates in Georgia (country)
The lack of comparables remains one of the biggest challenges for transfer pricing (TP) professionals, especially in low-capacity countries. Gela Barshovi explains how the country… Read More »Country ceiling principle offers TP alternative for developing countries
