Read the latest business news about Georgia

How to Open a Personal Bank Account in Georgia remotely

It is possible to open a personal bank account as a foreigner in Georgia remotely, even without visiting the country. In this article, I will provide some details about the procedure...

When is salary income taxable in Georgia and at what rate?

When is income from employment taxable in Georgia? Income from employment is taxable at 20% in Georgia either at source if the employer is a Georgian tax agent (e.g., a...

Monthly / Annual Tax Reporting Obligations in Georgia (the country)

How to comply if your Georgian business is not active every month of the year? Tax and Financial Reporting in Georgia Active Georgian businesses (e.g., legal entities, individual entrepreneurs, “small...

New criteria must be met by Virtual Zone Persons to enjoy corporate income tax exemption in Georgia

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 on...

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 services Georgia-low tax country with easiness of doing business and certain tax benefits Georgia’s tax rates are...

Transfer Pricing (TP) law in Georgia (Country)

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

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,...