The Georgian VAT system is largely harmonised with the principles established under the EU VAT Directive, ensuring alignment with international best practices and reinforcing the transparency of the Georgian tax framework. Value Added Tax (VAT) in Georgia is a consumption-based tax, meaning that taxation is linked to the place where goods or services are consumed […]
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Georgia has developed a robust legal framework for intellectual property protection. The cornerstone of this framework is the Law of Georgia on Copyright and Related Rights (the “Copyright Law”), which governs the creation, use, transfer, and licensing of intellectual property. The National Intellectual Property Centre of Georgia („Sakpatenti“) serves as the primary regulatory authority responsible
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Security interests play a central role in commercial transactions in Georgia, enabling creditors to mitigate credit risk and enhance the enforceability of their claims. The Civil Code of Georgia (the “Civil Code”) establishes a detailed legal framework governing pledges and mortgages, defining their creation, scope, priority, and registration requirements. This article provides an overview of
Pledges, Mortgages, and Registration Requirements under Georgian Law Read More »
In 2017, Georgia introduced a fundamental reform of its corporate taxation system, departing from the traditional model of taxing annual net profits and adopting what is commonly referred to as the “Estonian model.” Under this regime, Corporate Income Tax (CIT) is no longer imposed on retained earnings but only on profit distributions and certain outflows
Netflix and Warner Bros. Discovery (Warner Bros) have signed, but not yet completed, a merger agreement for Netflix to acquire Warner Bros’ film and television studios together with HBO and HBO Max, valued at about 72 billion US dollars in equity and roughly 82.7 billion US dollars enterprise value. Closing is structured to occur after
Competition Law Aspects related to Netflix and Warner Bros. Merger Read More »
Withholding tax in Georgia is a core element of the Georgian tax system and plays a central role in ensuring efficient tax collection at the source of payment. Under the Tax Code of Georgia, withholding tax arises when an obligation exists to withhold tax at the moment income is paid. This mechanism applies to a
Georgian labour legislation addresses heavy, harmful and dangerous work (the Harmful Work) through specific regulatory frameworks designed to protect employees. The comprehensive list of Harmful Work categories, along with the criteria for evaluating such work, is established by Order No. 147/n (the Order). Importantly, this list is not exhaustive, meaning that work not explicitly enumerated
Heavy, Harmful and Dangerous Work: Statutory Lists, Safety Rules and Employer Duties Read More »
The Law of Georgia on Rehabilitation and the Collective Satisfaction of Creditors’ Claims (the Insolvency Law) establishes a comprehensive legal framework governing the treatment of creditors in insolvency proceedings. The stated objective of the Insolvency Law is the collective satisfaction of creditors’ claims, primarily through the rehabilitation of the debtor where feasible, and, where rehabilitation
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Georgia’s gambling taxation framework places significant emphasis on the citizenship of participants, particularly in the online gambling environment. While the general structure of gambling taxation applies uniformly across different types of activities, the Tax Code of Georgia introduces targeted incentives where foreign players are involved. These incentives operate on two levels: first, through personal income
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Georgia has introduced a new entry requirement for foreign visitors: as of 1 January 2026, all tourists must hold valid health and accident insurance for their entire stay. This requirement is grounded in the Law of Georgia on Tourism. Necessary Documentation Tourists must be prepared to present an insurance policy in physical or electronic form,
Georgia’s New Entry Rule: Mandatory Health and Accident Insurance from 1 January 2026 Read More »