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Tax incentives in Georgia (country) applicable for IT companies holding status of “Virtual Zone Person” or “International Company.” Which one is better and why?

Tax incentives in Georgia (country) applicable for IT companies holding status of “Virtual Zone Person” or “International Company.” Which one is better and why?

Tax incentives in Georgia (country) applicable for IT companies holding status of “Virtual Zone Person” or “International Company.” Which ...

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Cryptocurrency Taxation in Georgia (Preferential Tax Regimes)

Cryptocurrency Taxation in Georgia (Preferential Tax Regimes)

Note: This article has initially published by Gela Barshovi (our founder and managing partner) on Bloomberg. Please, see the ...

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VAT in Georgia: The term – “Non-Qualified VAT Payer” newly introduced by Georgian Tax Administration

VAT in Georgia: The term – “Non-Qualified VAT Payer” newly introduced by Georgian Tax Administration

On 21th January 2021, Revenue Service of Georgia (GRS-Georgian Tax and Custom Administration) set new restrictions for VAT payers ...

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Amendment of the Tax Law of Georgia, according to which selling 4 apartments by  individuals is not explicitly exempted from VAT anymore

Amendment of the Tax Law of Georgia, according to which selling 4 apartments by individuals is not explicitly exempted from VAT anymore

Introduction Republic of Georgia offers multiple tax incentives/exemptions for individuals and legal entities. One such incentive was applicable for ...

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1% tax applicable in Georgia  for individuals with “small business” status  What to know and consider?

1% tax applicable in Georgia for individuals with “small business” status What to know and consider?

Note: This article has initially been published by Gela Barshovi on Forbes Georgia Under article 90 of the Georgian ...

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Tax treaty between Georgia and Japan has been renegotiated

Tax treaty between Georgia and Japan has been renegotiated

By Gela Barshovi, International and Georgian tax adviser and managing partner at an accounting/consulting firm TPsolution Georgia and Japan ...

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Changes in Georgian VAT rules’ effect for Georgian tax residents providing service (or receiving from) abroad

Changes in Georgian VAT rules’ effect for Georgian tax residents providing service (or receiving from) abroad

Introduction From the 1st of January 2021, significant amendments of Georgian Value Added Tax (VAT) regulation will come into ...

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Tax rates in Georgia (country) as well as reporting periods are provided in the table below:

Tax rates in Georgia (country) as well as reporting periods are provided in the table below:

  GEORGIAN TAX TABLE: Tax category Rate Tax base Reporting period Remarks Corporate Income tax in Georgia 15% Gross ...

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Low taxation, Tax Incentives and Tax Exemptions provided by Republic of Georgia for Natural Persons

Low taxation, Tax Incentives and Tax Exemptions provided by Republic of Georgia for Natural Persons

Note: This article has initially been published by Gela Barshovi on “Forbes Georgia”. Georgia, with its growing economy, has ...

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How to register a company and open a bank account in Georgia

How to register a company and open a bank account in Georgia

Currently, Georgia is one of the most attractive places for investors to relocate their businesses. I have written many ...

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New tax incentives in Georgia for foreign IT and shipping companies

New tax incentives in Georgia for foreign IT and shipping companies

Note: This article has initially been published by Gela Barshovi on MNETax On 8 October, Georgia’s government published decree ...

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Tax residency rule in Georgia and importance of being Georgian tax resident

Tax residency rule in Georgia and importance of being Georgian tax resident

Georgia offers highly beneficial taxation system to individuals and legal entities. The non-exhaustive list of Georgia’s tax incentives is ...

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Georgia publishes amended text of tax treaties with Iceland, Ireland, Finland, Luxemburg, Slovenia

Georgia publishes amended text of tax treaties with Iceland, Ireland, Finland, Luxemburg, Slovenia

By Gela Barshovi The Republic of Georgia’s Ministry of Finance on 23th July this year published the synthesized text of ...

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Preferential (new) rules of cryptocurrency taxation in Georgia

Preferential (new) rules of cryptocurrency taxation in Georgia

Georgian Ministry of Finance has published a public decision regarding taxation of cryptocurrencies in Georgia. According to the decision: ...

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Tax rates in Georgia (country)

Tax rates in Georgia (country)

Georgia which is located in the Caucasus region on the crossroad between Europe and Asia provides a number of ...

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Country ceiling principle offers TP alternative for developing countries

Country ceiling principle offers TP alternative for developing countries

The lack of comparables remains one of the biggest challenges for transfer pricing (TP) professionals, especially in low capacity ...

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Taxation in Georgia (international aspects)

Taxation in Georgia (international aspects)

Introduction Georgia is a developing, low-cost country with a growing economy and stable, attractive tax system. The present article ...

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Tax incentives in Georgia for IT corporations

Tax incentives in Georgia for IT corporations

Georgia’s tax legislation offers a number of high value incentives for IT corporations operating in the country and offering ...

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Georgia’s welcoming international freelancers-what they can enjoy and should pay attention to

Georgia’s welcoming international freelancers-what they can enjoy and should pay attention to

Note: This article has previously been published by Gela Barshovi (the author) on “Forbes Georgia”.  A few days ago, ...

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