Tax Rate Taxable base Additional information

Profit tax  

Georgia resident companies and PEs of non-resident companies are taxed ONLY on their actual and deemed distributed profits. Also on payments unrelated to economic activities, gratuitous supplies of goods/services and/or transfers of funds and representation expenses that exceed the maximum amount set out in the tax code.  
Real property tax
Tax is calculated from the average residual value of fixed assets, investment property, uninstalled equipment and construction in progress recorded annually in a company’s balance sheet.

The property tax rate is established by the local authorities and may not exceed 1%;

Specific rates apply to land, depending on the location and fertility of the land.

Value Added Tax
VAT is calculating from the sale of goods and the provision of services and imports.  It may not be later than the time amounts were paid to the supplier of goods/services in advance.   

Input VAT may be credited against output VAT;

A business with annual business revenue of GEL 100,000 or more must register for VAT purposes;

A business can voluntarily register as VAT payer.

*This is general information only. Georgia's tax code is very extensive and taxes may vary depending on the particular situation.  Before making any decision that may effect on your business or private finance, you should consult a qualified professional adviser. We don’t take any responsibility for any loss by any person/entity who relies on this communication.

Last updated on 25th of January 2020