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Accounting Packages

Summary Of Accounting Packages

We have accounting packages for every level of business. From freelancers and startups, to international corporations. From seasoned business professionals to first time remote workers.

Most Georgian business types are required to file monthly. Our accountants will ensure every detail of your accounts is handled to keep you 100% legal.

All Our Monthly Packages Include:

Handling your monthly filing requirements.
Income Tax declarations.
LLC tax declarations (Corporate Tax / Dividends).
Monitoring of your account for any additional tax liabilities or potential issues.
Additional custom accounting discounted to 125 GEL + VAT per hour (normally 250 GEL + VAT).
Our accountants set up user access to your RS portal, so you do not have to manually authorize our logins.
Liability over filing errors moved from you to us.
Exporting of accounts, on request.
Keeping the General Journal in accordance with the Georgian laws.
Submitting your Tax Card and keeping it up to date.
Processing any and all notifications and requests by the Revenue Service. For complex tasks, fees may apply.
Signing off on legal documents as your accountant - including work residency applications.

Lite Accounting

From:

₾200 GEL

+VAT, Per Month. First quarter paid upfront.

Designed for LLCsIndividual Entrepreneurs, and freelancers with simple accounting needs who are not VAT registered.

All inclusions above.
Base package includes up to 10 transactions* per month.
11-30 = 350 GEL per month.
31-60 = 550 GEL per month.
60+ = get a quote below.
Reverse VAT declarations (mandatory on international service purchases, even if you are not VAT registered).
Tax withholding declarations (if required).
Submitting invoices to the RS.ge portal when legally required.
Answer basic procedural questions about filing requirements.
Fixed pricing based on typical monthly transaction volume.
Submit any mandatory monthly/quarterly/annual reports to the Statistics Service.
Not available to Virtual Zone, ICS or FIZ companies, or VAT registered companies, which all require significantly more complex accounting.
Does not include tax advice.
Special legal documents (available at extra cost): 
* Minutes of the general meeting of partners / shareholders / directors.
* Any orders / resolutions issued by the director.
* Any internal or external agreements, including: Loan agreements; Partners' agreements; Employment agreements.
* Power of Attorney

Business Accounting

From:

₾350 GEL

+VAT, Per Month

Designed for LLCs (inc. VZ, ICS, FIZ).

Or, Individual Entrepreneurs with more complex accounting needs.


All inclusions in the "Lite" package.
Base package includes up to 10 transactions* per month.
11-30 = 550 GEL per month.
31-60 = 950 GEL per month.
60+ = get a quote below.
1 Hour per month of email support for accounting questions.
Pension calculations & declarations.
VAT registration & qualification interview (if required).
Monthly VAT declarations and input VAT reclaim.
Mandatory financial reporting to saras.gov.ge (different from annual tax return).
Does not include tax advice.

Premium Accounting

From:

₾750 GEL

+VAT, Per Month

Our premium service is more than just accounting

We are on call with tax, accounting, and business legal support.

All inclusions in the "Business" package.
Base package includes up to 10 transactions* per month.
11-30 = 950 GEL per month.
31-60 = 1,450 GEL per month.
60+ = get a quote below.
30-minutes per month senior tax consulting.
2 Hours per month of email support for accounting, tax, banking, Georgian business practices, questions, & advice.
Invoicing on your behalf. We handle your B2B invoices direct with your clients. Limitations may apply.
Preparing Cash Inflow & Outflow orders.
Bi-yearly review of your tax structure with recommendations for optimization.
Support for PoS & Cash Registry transactions if necessary.
Preparing all tax payments on your behalf via BoG/TBC Internet Banking (You just authorize the payment).
Proactive monitoring of your account for tax optimizations.
10% discount on all ExpathHub legal services.
Submit any mandatory monthly/quarterly/annual reports to the Statistics Service.

* A transaction is each incoming or outgoing money movement (income and expenses), usually corresponding to a row on your bank statement or the event of cash movement. Included transactions depends on your package.

NOTE: Prices may vary if you have non-standard needs.
The only way to get a final price is by getting a quote below.

Confused by any of the above? Read our FAQs below, and/or submit a quote request and ask your questions in the message section of the form.

Click the button to get started!

VAT Qualified Status Application
₾350 GEL + VAT

Qualified VAT status allows your company to claim back local VAT.

Basic VAT registration only provides you with un-qualified VAT status, which allows you to claim back reverse-VAT paid on the purchases of foreign services, but does not allow you to claim VAT paid on local expenses (i.e., products and services where you paid Georgian VAT at the time of purchase).

If you are eligible for qualified status, our team can assist with the process of applying and arguing with the RS to get the status approved.


If you’d like professional help getting this right, our VAT service includes:

VAT registration (if required/requested)

Collecting your details and building the case for qualified status

- Presenting your case to the RS and handling all communications with them on your behalf

Feedback and assistance to you throughout the process


NOTE: It is only possible to get qualified status if your company is actively trading in Georgia and collecting input VAT from your customers. If your business income is not VATable, as all your customers are based outside Georgia, then it will not be possible. Contact us for advice.


FAQs

My transaction volume varies each month, which package do I need?

Our pricing is based on typical monthly transactions. If you exceed your account limit slightly in a single month, typically there will be no extra fee or package upgrade needed. If you exceed the limit in 2 consecutive months, or multiple months in a year, then we will discuss with you if you need to upgrade your plan.

Our commitment is that if the work will exceed your package inclusions we will always inform you before performing the work or charging you an additional fee. No surprise invoices.

If you have intermittent accounting - some months with high volume, some with low - then we are normally happy to average out the work to whichever package will fit. Please request a quote above and describe your situation so we can confirm our recommendation for your unique case.

Does my business actually need to file monthly?

Monthly filing is common in Georgia for most businesses. So, most likely you do need to file monthly.

Types of people/businesses that would not need to file monthly:

Natural Person (Anyone who has not registered a business in Georgia. An employee, for example, or someone who does not have taxable income.)

Individual Entrepreneur without Small Business Status (Persons who do not qualify for the 1% tax rate, such as architects, consultants, etc. Read more here.)

Micro Business (If you are a registered Micro Business with less than 30k GEL annual income.)

All of the above types would file annually, rather than monthly. If you don't fit with any of these, then monthly filing is likely required. Penalties for missing filing dates (the 15th of each month) can apply.

Accounting in Georgia seems to be more expensive than in my home country, why?

The monthly requirements are significantly more complex and time consuming than in many other countries.

You may be familiar with an accountant's primary job as being a bookkeeper, or tracking income and expenses each month and then filing that information once per year.

In Georgia, those with monthly filing requirements essentially have to do all the bookkeeping work, plus filing everything and keeping on top of things like reverse-VAT, withholding (see below) and even reports to the Statistics Service (in some cases).

On top of this, with many foreigners, all their banking is done outside of Georgia, or using online or personal bank accounts. Meaning that all their bank statements/invoices need to be checked manually by our accountants. Software like Quickbooks and other typical solutions your accountant might use in the USA/EU etc., are not available within the Georgian system. The Georgian equivalents cannot connect to any banks apart from corporate accounts at local banks in Georgia. This means that automated accounting and filing for most foreign business owners is often impossible.

What is Reverse VAT and when is it due?

Purchases/expenses or services deriving from countries other than Georgia will require the declaration and payment of 18% Georgian Reverse VAT. You are required to actively submit these declarations to the RS in all circumstances where Georgian VAT is not already collected at source (in the way it would be if purchasing from a local Georgian company, for example).

This tax is applied on all services. Everything from your monthly Zoom account to contractors you hire outside Georgia. It is not applied to goods, though regular VAT may be charged at the time of importing goods to Georgia. 

IMPOTANT: Reverse VAT is due, regardless of if your own business is VAT registered. But, if you are VAT registered, you can typically claim it back at time the of declaration, so no actual payment will take place.

Reverse VAT is a little complicated and we have a full guide on understanding it here.

What will I be responsible for each month? (Actions you still have to take)

Upload your relevant documents to your private and secure dataroom, including:

Invoices (incoming and outgoing).

* Any and all bank statements from which business transactions occurred.

* Contracts with your service providers and clients.

* Proof of tax residency of service providers in treaty countries where tax withholding may be due.

In addition, you are responsible for paying your monthly tax bill to the treasury from a Georgian bank account (it can be paid from any Georgian bank account, not just from one in your name), unless otherwise listed above, and we agree to pay on your behalf through an account you authorize us to have access to. 

If you will not be in Georgia, make sure to have the bank's digipass app installed so you can get authorization codes without receiving an sms.

What does, or does not, incur additional fees from ExpatHub?

When it comes to additional fees, essentially anything that falls outside of the scope of inclusions in the package you choose will incur an additional fee. An increased workload incurred by a significant amount of additional time related to the inclusions would also not be considered a normal part of your typical monthly accounting.

Some examples:

If you were audited and we had to deal directly with the RS to manage all their audit requests and provide documentation beyond the standard exports of monthly records and forwarding of the invoices and bank statements etc., which you had already supplied to us in the course of your monthly accounting.

Notification requests inside the RS portal for tasks relating to non-inclusions or taking more time than your typical monthly package would allow. 

* Custom work outside of the scope of or from a package above your current subscription level.

* Additional consulting beyond your monthly limit.

* Advice by email outside of the scope of your support level.

* Anything else that is out of scope - but we will always inform you before the work is performed that a fee may be incurred, plus provide an estimate where possible, so you can approve before the work commences.

This is a non-exhaustive list. You can always ask us if you are unsure about inclusions/exclusions.

What Our Customers Are Saying

Elena Berezhnaia
Elena Berezhnaia
2024-06-03
I've been working with ExpatHub for two years: they were taking care of my accounting + communications with government. I fully recommend them, I only had positive experience, everything was accurate and on-time. Thank you so much ExpatHub and I hope I will be in a position to come back and to work with you again.
Mariam Papashvili
Mariam Papashvili
2024-05-31
Great services. I had a call with Gvanca, she was super helpful and informative. Thank you once again!
Cristian B.
Cristian B.
2024-05-15
Superb service.
Marek Kolodziejczyk
Marek Kolodziejczyk
2024-05-14
Full professionalism. ExpatHub supported me every step of the process. Step by step. Even with difficulties, I could always count on their help and understanding. I sincerely recommend theirs services
Dardo Trento
Dardo Trento
2024-05-13
Very helpful and caring. Extremely recommended!
Anastasia Butrym
Anastasia Butrym
2024-04-20
We had the pleasure of collaborating with ExpatHub GE and Mr. Gaga Mamuchishvili for a year on a comprehensive legal case in Georgia. Throughout the entire process, which included negotiations, filing the lawsuit, developing a legal strategy, reaching a settlement agreement, and the subsequent recovery of funds, their professionalism and expertise were truly outstanding. The entire case was managed remotely as we were based in the UAE and Australia during this period. Despite the distance, their seamless communication and meticulous approach ensured a smooth process and a favorable outcome. We are deeply grateful for their dedication and highly recommend ExpatHub GE to anyone seeking expert and reliable legal representation globally.
Francisco Ortiz
Francisco Ortiz
2024-04-16
We've been working with ExpatHub for years now. They are, by far, the most professional tex/legal firm in Georgia. From helping us register our businesses in the country, tax consultations, virtual addresses, etc. They even helped us navigate the complicated contract and negotiation of an off-plan property that we purchased from a local developer. They have always been very responsive and professional. I highly recommend them if you're not a local and you need help navigating Georgian bureaucracy.
Stefania Guglielmi
Stefania Guglielmi
2024-04-16
This is the only accounting firm in Georgia that works at an international standard, and my go-to firm whenever I have any legal and fiscal issues. They even helped me with the purchase of our first apartment, which would have been impossible without them! I have heard horror stories about other accountants in Tbilisi, and I’m happy to say that ExpatHub people are always effective and go out of their way to help customers.
Hoang Le
Hoang Le
2024-04-08
Expathub proved to be an exceptional resource in my search for an apartment in Tbilisi. Within a remarkably short span, they efficiently facilitated the entire process, from locating a suitable apartment to managing all necessary paperwork, including assistance with visa matters. Their professionalism and amiable approach made the experience notably smooth. For anyone seeking prompt and reliable assistance in securing accommodation in Tbilisi, I wholeheartedly recommend Expathub