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… Read More »Tax rates in Georgia (country) as well as reporting periods are provided in the table below:
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… Read More »How to register a company and open a bank account in Georgia
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… Read More »Tax residency rule in Georgia for High Net Worth Individuals (HNWI)
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?… Read More »Tax incentives in Georgia (country) applicable for IT companies holding status of “Virtual Zone Person” or “International Company.” Which one is better and why?
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… Read More »Virtual Zone Companies in Georgia, the new approach of the Georgian tax authority
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… Read More »„Small Business” status (1% taxation) is applicable in Georgia (Country)
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… Read More »Changes in Georgian VAT rules’ effect for Georgian tax residents providing service (or receiving from) abroad
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… Read More »Cryptocurrency Taxation in Georgia (Preferential Tax Regimes)
On 21th January 2021, the Revenue Service of Georgia (GRS-Georgian Tax and Custom Administration) set new restrictions for VAT payers in the country; in particular,… Read More »VAT in Georgia: The term – “Non-Qualified VAT Payer” newly introduced by Georgian Tax Administration
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
