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. 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 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 "International Company" status and benefit from tax breaks. The benefit applies to companies related to the shipping[...]
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1. Introduction One of Georgia's goals is to become an information technology center in the region, and since 2011 the country has been attracting international investment and stimulating the IT business. Even from January 1, 2011 law on information technology zones came into force, changes were made to the tax code and the Government resolution[...]
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1. Introduction One of the most privileged and popular status among other statuses provided by Georgian tax legislation is the Free Industrial Zone Enterprise (hereinafter “FIZ Enterprise” or ”FIZ Company”). Entities with this status are exempt from almost any taxes and enjoy favorable customs framework. That’s why the temptation and demand for this status is very[...]
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