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 of distribution of dividends to a shareholders or other transactions listed in the tax code which are deemed as distribution of dividend |
| Personal Income Tax in Georgia | 20% | Taxable profit | Year | Standard tax rate for natural person taxpayers (however, there are many exceptions where lower tax rates apply) |
| Personal Income Tax in Georgia | 5% | Gross revenue | Year | Applies on income received for renting out residential properties |
| Personal Income Tax in Georgia | 1% | Gross revenue | Month | Applies to natural person taxpayers with a status of “small business” (Does not apply to all business activities, limit of maximum annual turnover is up to 500 000 Gel) |
| Personal Income Tax in Georgia | 0% | Non-Georgian source income | Annual | Full tax exemption applies on income received by natural persons from non-Georgian source (“Non-Georgian source income is described in the Georgian Tax code”) |
| Property Tax for legal entities in Georgia | up to 1% | Average balance value of assets of companies | Year | |
| Property Tax natural persons in Georgia | 0%; 0.05%-0.2%; 0.8%-1% | Market price of fixed assets and cars for the end of year | Year | Natural persons with family annual income less than 40 000 Gel enjoy full exemption. Different tax rates apply when family annual income is up to and above 100 000 GEL |
| Tax on Land in Georgia | 0.24 Gel | One square meter of non-agricultural land | Year | Different (lower) rates apply on agricultural lands. The rates can be amended within given range by local municipalities |
| VAT in Georgia | 18% | Turnover | Month | Services and goods provided on Georgian territory |
| Reverse VAT in Georgia | 18% | Compensation for services provided by non-resident persons on Georgian territory | Month | Georgian tax code defines which services are considered as rendered on territory of Georgia |
| Wage Tax in Georgia | 20% | Gross salary & other benefits | Month | Plus, contribution to pension fund |
| Contribution to pension fund in Georgia | 4% | 2% deducted from salary; 2% grossed up and paid by employer | Month | Does not apply to non-Georgian citizen persons in all situations |
| Withholding tax (WHT) on Dividend in Georgia | 5% | Amount of paid dividends | Month | Tax treaty might grant exemption if applicable |
| Withholding tax in Georgia on Service remuneration to non-residents | 10% | Gross amount without deductions | Month | Only such payments are taxable which are considered as “Georgian source income”. In addition, Tax Treaties might provide tax exemption, if applicable |
| Withholding tax in Georgia on service remuneration to resident non-taxpayer natural persons | 20% | Gross amount without deductions | Month | Plus, contribution to pension fund |
| Withholding tax in Georgia on Interest payment to non-residents | 5% | Gross amount without deductions | Month | |
| Withholding tax in Georgia on Interest payment to resident | 5% | Gross amount without deductions | Month | Does not apply on payments to legal entities |
| Withholding tax in Georgia on Royalty payment to non-resident persons | 5% | Gross amount without deductions | Month | |
| Withholding tax in Georgia on Royalty payment to non-VAT payer resident natural persons | 20% | Gross amount without deductions | Month | |
| WHT in Georgia on any payments to tax heaven companies | 15% | Gross amount without deductions | Month | Applies to service remuneration, interest, royalty and other payments which is subject of WHT except dividends |
Audit and consulting firm TPsolution will provide you high-quality taxation services in Georgia, including Tax Consultation, Submitting tax declarations, Due Diligence, Preparation of Transfer Pricing documentation, Representation a company during a tax inspection, Tax dispute resolution, Correct application of Georgian tax treaties.
Hashtags:
Tax rates in Georgia (country); Tax rates in the Republic of Georgia; Taxation in Georgia; Low tax countries; Tax Table in Georgia; Georgian Tax Table.
Let's Talk
Was it helpful?
If you liked the article and are interested in learning more, you can use the contact form or reach out to us directly to receive a consultation with the author.
(+995) 595 31 30 01
Visit Us
D.Aghmashenebeli Av. 73, Roses (Ilia) Garden, Tbilisi, Georgia
Contact Us
We here to help you 24/7 with experts