Georgian Tax Blog
Guides to Georgian tax for expats and locals, checked against the Tax Code of Georgia and Revenue Service guidance.
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Georgian Tax Topics
- 1%1% Small Business StatusIndividual entrepreneurs with small business status pay 1% of their Georgian-source business income, up to GEL 500,000 a year, instead of the general 20% income tax.Read the summary
- 183Tax ResidencySpend 183 days or more in Georgia within any continuous 12-month period and you are a Georgian tax resident for that tax year. Residents pay no Georgian tax on income from foreign sources.Read the summary
- 15%Company Profit Tax and DividendsA Georgian company pays 15% profit tax when it distributes profit, not while it keeps it. Dividends paid to individuals are then taxed another 5% at source.Read the summary
- 18%VATOnce your VAT-taxable supplies pass GEL 100,000 in any 12 consecutive months, you must apply for VAT registration within 2 business days. The rate is 18%.Read the summary
- 5%Rental IncomeRent from a flat or house let for people to live in is taxed at 5% with no deductions, as long as you are on the Revenue Service’s register of landlords in time.Read the summary
- 0%Selling PropertyThe gain on selling a flat or house you have owned for more than 2 years is tax free. Sell sooner and the gain is taxed at 5%.Read the summary
- 1 NovProperty TaxIndividuals pay an annual local tax on real estate, cars, yachts and aircraft. Property other than land is exempt when last year’s family income was GEL 40,000 or less.Read the summary
- 0%CryptoUnder a 2019 Ministry of Finance ruling, an individual’s income from selling crypto assets is not Georgian-source income, so it is exempt from income tax.Read the summary
- 30 daysFines, Audits and DisputesYou have 30 days from service to appeal a Revenue Service decision: first to the Revenue Service, then to the Dispute Resolution Council at the Ministry of Finance or to court.Read the summary
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