Read the latest business news about Georgia

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 #619, providing new tax incentives for foreign and Georgian companies...

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 given below: For natural persons (individuals):  1% taxation for...

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

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

Preferential (new) rules of cryptocurrency taxation in Georgia

Georgian Ministry of Finance has published a public decision regarding the taxation of cryptocurrencies in Georgia. According to the decision: Profit received by Georgian resident natural persons from selling cryptocurrencies...

Tax rates in Georgia (country)

Georgia which is located in the Caucasus region on the crossroad between Europe and Asia provides a number of highly beneficial tax incentives for the companies operating in the country....

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 countries. Gela Barshovi explains how the country ceiling principle may help...

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 provides a brief analysis of certain international aspects of the Georgian...

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 IT services to foreign customers, writes Gela Barshovi, founding partner...

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, The Minister of Economy and Sustainable Development of Georgia has...