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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.

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:

₾150 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 = 250 GEL per month.
31-60 = 450 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.
Financial report exports from your accounts (up to 3 per year).
Not available to Virtual Zone, ICS or FIZ companies, or VAT registered companies, which all require significantly more complex accounting.

Business Accounting

From:

₾250 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 = 450 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 annual reporting of company cash flow (different from annual tax return).

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.
1 Hour 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!

Accounting By The Hour

Additional hours for our pay monthly clients: ₾125 GEL + VAT per hour.

Standard rate for non-monthly clients: ₾250 GEL + VAT Per hour.

Need help, or want to book your hourly accounting services:

Annual Filling

For non-monthly accounting package clients: ₾250 GEL + VAT per hour.

For current monthly clients: ₾125 GEL + VAT per hour.

 Read more about annual filing requirements and pricing:

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

Alexander Hu
Alexander Hu
2022-07-05
Verified
Recommended. For all the services they offer.
Infineite
Infineite
2022-05-18
Verified
As others have said, If I could give these guys 6 stars I would. GREAT service. Would recommend whole heartedly!
Nils Dannemann
Nils Dannemann
2021-12-06
Verified
Amazing service, great team, fantastic people. Their success is well deserved. Can't recommend them enough 👍
Helena Liu
Helena Liu
2021-11-06
Verified
If it’s possible to give them 6 stars I would! The whole team has gone above and beyond to help me set up my business inn Tbilisi. They are highly professional and responsive. I would highly recommend them! Thank you Levan, David, Nina, and Saba!
Nikola Stojkovic
Nikola Stojkovic
2021-08-30
Verified
Excellent service. They explained everything before we moved to Tbilisi so we finished the process quickly. Everything was transparent, no hidden fees or additional costs
Gordon Seiler
Gordon Seiler
2021-07-28
Verified
Excellent professional service from ExpatHub, highly recommended company to work with. Thanks for making our future in Georgia much easier.
Tom Shepherd
Tom Shepherd
2021-07-20
Verified
ExpatHub.ge is an excellent service, they have been very professional and helpful. The free information on their web site and the free consultation helped a lot with my planning. They cover a range of tax and relocation areas, so they are able to set everything up without missing any important details. Thanks a lot to the ExpatHub team!
Allon Weinstein
Allon Weinstein
2021-06-29
Verified
My experience with ExpatHub is very positive. In the 30 minutes consulting call I got all the information that I needed to make the decision about moving to Georgia. After arriving here they have helped me to register and sort out my tax situation on the best possible way. Many thanks!