0186, Tbilisi, Georgia
Monday to Saturday
From October 1, 2021 The Tax Code of Georgia, established that a taxable person, who is not established or has no habitual residence in Georgia, or has no fixed establishment in Georgia engaged in the supply of the digital services in Georgia, must pay Value Added Tax (VAT) as of October 1, 2021. Who must[...]
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1. Visa Requirements There are new latest COVID19 Regulations in Georgia which will come into force from 01 June 2021. Foreigners who seek to enter Georgia generally must first obtain a Georgian visa, which is placed in the traveler’s passport (a visa blank) or is issued electronically (electronic visa). Certain international travelers may be eligible[...]
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The National Bank of Georgia (NBG) is considering launching a publicly available Central Bank Digital Currency (CBDC) to leverage new technologies to enhance efficiencies of the domestic payment system and financial inclusion. The CBDC is a direct liability of the central bank that can be used to settle payments, or as a store of value[...]
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After a 10-year pause, Georgia has successfully returned to the international securities market and was able to place a Eurobond at an unprecedentedly low price for the country. The demand of investors was four times more than the amount of the bond, which once again underscores their confidence in the Georgian economy. The issuance of[...]
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1. Visa Requirements There are certain restrictions for those wishing to visit Georgia during COVID-19 pandemic . Foreigners who seek to enter Georgia generally must first obtain a Georgian visa, which is placed in the traveler’s passport (a visa blank) or is issued electronically (electronic visa). Certain international travelers may be eligible to travel to[...]
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1. Introduction In order to attract foreign investment and boost economy chapter XII of the Tax Code of Georgia offers a special taxation regime for small business entrepreneurs, which imposes significant tax benefits. In general, according to Georgian lax legislation the income of a natural person is taxed at 20% (with some exceptions) of income[...]
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1. Introduction In order to further improve the business environment in the country, to strengthen Georgia's potential as a regional hub, and to increase the interest of multinational international companies, the Government of Georgia allows companies to obtain "Special Trading Company" status and benefit from corporate profit tax. This status refers to specific activity, which[...]
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1. Introduction Due to the growing interest in cryptocurrencies, the Georgian tax agency has issued a public decision regarding the taxation of cryptocurrency and delivery of computing speed (capacity) operations in Georgia. The public decision explains: A) VAT taxation of the supply of crypto assets (exchange operation in national or foreign currency); B) Taxation of[...]
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1. Introduction Georgian Government has ruled new COVID-19 restrictions coming into force on November 28, 2020 and apply until January 31, 2021. The movement of persons throughout the country from 21:00 to 05:00 is prohibited, both on foot and by transport, as well as being in public space. Exception will be made on the New[...]
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1. Introduction The new state program "Mechanism for Promoting Foreign Investment Projects" (FDI grant in Georgia) was approved by the government on November 19, 2020. The program will be implemented by the agency Enterprise Georgia, who had been working on developing the program for past several months. The goal of the program is to promote[...]
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