Taxes in Georgia

Income tax payers are:

a) individuals – residents;
b) individuals – non-residents who receive income from a source located in Georgia.

The taxable income of individuals is taxed at a rate of 20 percent

Income tax payers are:

a) resident enterprises;
b) non-resident enterprises operating in Georgia through a permanent establishment and/or receiving income from a source located in Georgia.

The taxable profit of the enterprise is taxed at the rate of 15 percent

In accordance with the amendments to the tax code of Georgia, if the founders reinvest profits, they are exempt from this tax.

Payers of value added tax (hereinafter referred to as VAT) are:

a) persons registered as VAT payers;
b) persons obliged to register as VAT payers;
c) persons who import or temporarily import goods into Georgia, only in respect of the said import or temporary import, without the obligation to register;
d) non-residents (except natural persons – citizens of Georgia) providing services in Georgia without registration as VAT payers and a permanent establishment of a non-resident registered in Georgia, only in respect of these services, and are subject to reverse taxation;(12.12.2014 N2946)

Persons engaged in economic activities, the total amount of transactions carried out by whom, subject to VAT, during any
continuous 12 calendar months exceeds GEL 100,000

1. The VAT rate is:

a) 18 percent of the taxable turnover or import of goods;

An excise payer is a person who:

a) produces excise goods in Georgia;
b) imports excisable goods into Georgia;
c) exports excisable goods;
d) supplies natural gas condensate and/or natural gas for motor vehicles;
e) provides mobile communication services. ( expr. from January 1, 2018. 22.06.2016 N5445)
f) provides services for the termination of an international call received from a non-resident or resident person, in mobile or fixed networks. (11.12.2014 N2874)

Import tax payers are persons who move goods across the customs border of Georgia, except for export. Depending on the type of product and the exporting country, imports are subject to  0, 5 or 12% tax.

The annual property tax rate for enterprises/organizations is determined in the amount of no more than 1 percent of the value of the taxable property