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.
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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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