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.
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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