Tax incentives in Georgia (country) applicable for IT companies holding status of “Virtual Zone Person” or “International Company.” Which one is better and why? Republic of Georgia offers multiple tax benefits to IT firms ...
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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 business and is very popular with ...
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On 21th January 2021, Revenue Service of Georgia (GRS-Georgian Tax and Custom Administration) set new restrictions for VAT payers in the country; in particular, the term “non-qualified VAT payer” was introduced. A business in ...
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Introduction Republic of Georgia offers multiple tax incentives/exemptions for individuals and legal entities. One such incentive was applicable for natural persons selling up to 4 apartments within 48 months. In particular, according to article ...
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Note: This article has initially been published by Gela Barshovi on Forbes Georgia Under article 90 of the Georgian tax code, an individual with an earning up to 500 000 GEL (approx. $150 000) ...
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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 announced that they renegotiated the current tax treaty between ...
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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 the law. It is the most ...
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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 case of distribution of ...
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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 the most attractive investment destinations in the world. This ...
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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, being an attractive investment ...
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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 foreign and Georgian companies involved in shipping and information ...
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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 for individuals with an annual revenue ...
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