A new guideline from the Georgian Revenue Service regarding taxation of Virtual Zone Persons in Georgia A few days ago, the Georgian Revenue Service (GRS) published a new guideline...
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...
VAT in Georgia: The term – “Non-Qualified VAT Payer” newly introduced by Georgian Tax Administration
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, the term “non-qualified...
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...
