“Virtual Zone Person” and “International Company” statuses
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)… Read More »New criteria must be met by Virtual Zone Persons to enjoy corporate income tax exemption in Georgia
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
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
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
