Advanced Tax Ruling (Georgia) – What Is It And Do I Need One?
If you've spoken to a qualified tax attorney in Georgia, then you probably already know that the Georgian Tax Code is often anything but straightforward, and many very important parts of
Janar K
Managing Partner at ExpatHub.GE. With more than 15 years experience in planning business tax structures in countries around the world, Janar is our top expert on watertight structures with the minimum tax leakage.
Georgian Enterprises: New Financial Reporting Requirements In 2021
New financial reporting requirements will affect Georgian enterprises in 2021. For those affected, reports must be submitted before October 1st, 2021, and will relate to the reporting tax year of
Why Some Freelancers DON’T Qualify For The 1% Tax Rate
Many freelancers in Georgia take advantage of the Small Business Status (SBS), which allows them to reduce their income tax to just 1% on turnover.
For those freelancers and solo entrepreneurs
10 Common Tax Myths: Are you Unknowingly Evading Tax?
The Republic of Georgia certainly has some serious benefits associated with its tax system, compared to high tax countries like much of Western Europe, the USA, Australia, and others. That
Will You need To File An Annual Tax Return In Georgia?
Will you need to file for the most recent reporting year in Georgia (country)? If the following is true, then the answer is probably "yes". Did you:
Spend any time in
NEW: Georgia VAT Rules for 2021
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 products
Huge Tax Breaks: International Company Status in Georgia (Country)
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
Why reverse-VAT affects your foreign owned Georgian business & how to eliminate it
If you operate a Georgian business which buys products and services from abroad, then you need to declare and pay Reverse Charge VAT (18%) in your monthly declarations to the
Tax Liability For Foreign Business Owners Living In Georgia
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
The No.1 Tax Mistake Costing Foreigners $Thousands In Georgia
Tax residency in Georgia is automatic after 183 days in any rolling 12 month period - this is a legal fact, not a choice, no matter which country you come