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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...

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 power. The Georgian parliament already approves the changes in the...

„Small Business” status (1% taxation) in Georgia does not apply to employment contracts. What to know?

  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...

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 original link of the article:  https://news.bloombergtax.com/daily-tax-report-international/insight-taxation-of-cryptocurrency-in-georgia Georgia welcomes crypto business...