GEORGIAN TAX TABLE: Tax category Rate Tax base Reporting period Remarks Corporate Income tax in Georgia 15% Gross amount of distributed dividend divided by 0.85 Month Payable only in...
Currently, Georgia is one of the most attractive places for investors to relocate their businesses. I have written many articles on the reasons for the Eastern European country, named...
Georgia applies exceptional rule of tax residency for High Net Worth Individuals (HNWIs) If you aspire to become a tax resident without having to spend 6 months in...
Tax incentives in Georgia (country) applicable for IT companies holding the status of “Virtual Zone Person” or “International Company.” Which one is better and why? The Republic of...
Introduction Companies providing certain type of IT services from Georgia to foreign customers can obtain a certificate of “Virtual Zone Person” (VZP) and enjoy corporate income tax (CIT) exemption...
Introduction If an individual qualifies under a “small business” status, he/she can enjoy 1% taxation in Georgia. Although, there are several important preconditions an individual entrepreneur needs to meet...
Introduction From the 1st of January 2021, significant amendments of Georgian Value Added Tax (VAT) regulation will come into power. The Georgian parliament already approves the changes in...
Introduction If an individual qualifies under a “small business” status, he/she can enjoy 1% taxation in Georgia. Although, there are several important preconditions an individual entrepreneur needs to...
Note: This article has initially published by Gela Barshovi (our founder and managing partner) on Bloomberg. Please, see the original link of the article: https://news.bloombergtax.com/daily-tax-report-international/insight-taxation-of-cryptocurrency-in-georgia Georgia welcomes crypto...
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): 1% taxation...