The taxation of gambling activities in Georgia is regulated by the Tax Code of Georgia and related legislation governing lotteries, gambling, and prize games. While the general framework establishes specific tax rates and taxable bases depending on the type of gambling activity, Georgian legislation also provides a number of tax exemptions and preferential tax treatments […]
Georgia has become an attractive destination for crypto investors due to its favorable tax environment and flexible residency rules. In order to benefit from these advantages, it is important to understand how tax residency is determined under Georgian legislation. For individuals, Georgian tax residency can generally be obtained through two main pathways: the standard physical
The protection of personal data is a fundamental component of Georgia’s regulatory framework, particularly in light of increasing digitalization and cross-border data flows. One of the key enforcement mechanisms under Georgian data protection law is the obligation to notify competent authorities and affected individuals in the event of a data breach.This requirement promotes transparency, enables
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In an increasingly digitalized economy, cybersecurity and the protection of information systems have become critical components of regulatory compliance in Georgia. Organizations operating in both the public and private sectors are expected to implement appropriate safeguards to protect data and ensure resilience against cyber threats. A key aspect of this framework is the obligation to
Under the “Law of Georgia on Advertising,” the distribution of advertising relating to gambling, sportsbooks, lotteries, bingo, and their respective organizers is prohibited by any form or means, including through electronic communication networks. This applies to all media channels, all formats, and all communication technologies. Permitted Exceptions The law carves out four narrowly defined exceptions
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The issuance of securities to the public in Georgia is subject to a comprehensive regulatory framework designed to ensure transparency, investor protection, and market integrity. A central element of this framework is the requirement to prepare and publish a prospectus, which provides potential investors with the information necessary to make informed investment decisions. The principal
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The Temporary Residence Permit for Persons Employed in the Information Technology (IT) Sector is a specialized immigration status available to foreign nationals engaged in IT-related work or business in Georgia. Unlike general work-based residence permits, the IT residence permit is designed to attract and retain technology professionals and entrepreneurs, providing more favorable terms in recognition
Legal Changes to the Residence Permit for IT-Sector Employees in Georgia Read More »
The initiation and conduct of litigation in Georgian courts are associated with various procedural costs, including court fees and ancillary expenses. These costs constitute an integral element of access to justice and must be duly considered prior to commencing proceedings. The applicable legal framework establishes the types, calculation methods, and allocation of such costs across
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The rise of digital currencies has prompted many countries to update their tax systems. Georgia has become one of the more attractive jurisdictions for crypto-related businesses, offering a clear tax framework and the possibility to defer taxation under the corporate income tax model. The Georgian Tax Code, alongside ministerial rulings, establishes how income from crypto
The approach to property taxation in Georgia differs for businesses and individuals. The taxable object, applicable tax rate, and timing of taxation may vary depending on the taxpayer’s status. Understanding these distinctions is important for proper tax planning and compliance, particularly for companies holding significant fixed assets or real estate in Georgia. Property Subject to