Taxes are an integral part of financial planning, and understanding the tax system in a new country can be a challenge. Our Tax Advice guide demystifies Georgian taxes for you. It provides a comprehensive overview of the tax system, including information on income tax, VAT, and corporate tax. Understand your tax obligations, deadlines, tax exemptions, and penalties for non-compliance. Learn effective tax planning strategies. We aim to help you manage your taxes efficiently and avoid any legal complications
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
The High Net Worth Georgian Tax Residency program is a unique opportunity for those with an income over 200,000 GEL (approx. 80,000 USD) or personal assets in excess of 3
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
Where do you declare your taxes if you never spend long enough in any country to be considered a tax resident?
The precise answer can be complicated and depends on a
Is all your foreign income tax free if you live in Georgia? To answer simply: no.
If you’re a foreigner looking into the tax consequences of relocating to Tbilisi, Georgia, you’ve
If you meet the qualifications to be eligible for Micro Business Status (Gross turnover under 30,000 GEL annually, no employees, not on the prohibited list of activities (see below), etc.)
Just because you arrived in Georgia on a tourist visa, doesn’t mean you can avoid being a tax resident. After 183 days tax residency begins automatically (Tax Code Article 34