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
Tax Advice
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
Should I VAT Register? And Other Essential VAT Considerations.
VAT (18%) is probably the most complicated type of taxation that any new business owner in Georgia will have to deal with. However, understanding VAT can save you a lot
Taxes In Georgia (Country): Income, Corporate, VAT, & More
This article outlines all of the taxes in Georgia (Country) including income tax & corporate tax rates. If you are more interested in a practical guide on how and why
Will You need To File An Annual Tax Return In Georgia?
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
How To Open Your Georgian (1% Tax) Business: FAQs
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
US Citizens: How to reduce/eliminate your US taxes when moving to Georgia (Country)
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
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
Remote Worker In Georgia? Tax Considerations
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
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