Read the latest business news about Georgia

Advantages of doing business in the country of Georgia and available professional accounting services

Advantages of doing business in the country of Georgia and available professional accounting servicesGeorgia-low tax country with easiness of doing business and certain tax benefitsGeorgia’s tax rates are quite low....

Transfer Pricing (TP) law in Georgia (Country)

The article was initially published by Gela Barshovi on Forbes Georgia Transfer Pricing rules applicable in Georgia (in brief) Georgia is one among few developing countries with quite a long...

Territorial taxation for individuals in Georgia

The article was initially published by Gela Barshovi on Forbes GeorgiaForeigner source income is tax exempted for individuals in Georgia. What is the real meaning of “foreign source income”?Georgia territorial...

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 amount of distributed dividend divided by 0.85 Month Payable only in case...

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 articles on the reasons for the Eastern European country, named Georgia,...

Tax residency rule in Georgia for High Net Worth Individuals (HNWI)

  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 6 months in a...

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 the status of “Virtual Zone Person” or “International Company.” Which one is better and why? The Republic of Georgia...

Virtual Zone Companies in Georgia, the new approach of the Georgian tax authority

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 in...

„Small Business” status (1% taxation) is applicable in Georgia (Country)

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 entrepreneur needs to meet for...