Tax rates in Georgia (country) as well as reporting periods are provided in the table below:

Georgian Tax Report


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. 

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