Will you need to file an annual tax return in Georgia (country) for the most recent reporting year? If the following is true, then the answer is probably "yes". Did
If you are a freelancer or small business owner (or looking to become one) and you have decided you are ready to open your business in Georgia and reduce your
Just because you became a tax resident in Georgia (country), or plan to soon, doesn’t mean the USA doesn’t still want to tax your personal or business income. Taxes in
Even if you are not VAT registered and don’t intend to be, some of these rules affect all business owners operating in Georgia.
Summary
ALL purchases by a Georgian business of services
Are you working remotely online from Georgia (country)? If so, you may be liable for taxation by the Georgian Revenue Service. Your tax liability involves a LOT of factors, not
5% corporate tax, 0% dividends tax, and only 5% tax withholding on employee salaries. It might be time to move your IT company to Georgia (country).
On October 8th, 2020, the
If you'd like to pay significantly less tax, here is one good solution: Move your business and/or personal tax residency to a country with lower tax rates. Move Taxes to
The question of Tax Residency vs. Legal Residency in Georgia (country) seems to cause a lot of confusion. In this brief article I hope to finally clarify this topic.
Simply put,
If you operate a Georgian business that purchases services from abroad, then you need to declare and pay Reverse Charge VAT (18%) in your monthly declarations to the RS. You
Do you manage your foreign business remotely from Georgia? If you didn't register that business with the Georgian authorities, you may be breaking the law, and even owe back taxes