The taxation of sportsbook operators in Georgia is regulated by the Tax Code of Georgia and depends on two key factors: the form in which the sportsbook is organized (land-based or online) and the country of citizenship of the participants from whom the operator derives profit. These factors directly affect the applicable corporate income tax […]
Tax Treatment of Sportsbook Operators in Georgia Read More »
Georgia offers a range of special tax regimes designed to attract foreign investment, support export-oriented activities, and promote the development of specific sectors such as IT, logistics, and financial services. These regimes provide preferential tax treatment, including reduced tax rates, exemptions from corporate income tax, VAT benefits, and simplified compliance requirements. Each status is tailored
Georgia Special Tax Regime Guide Overview of Preferential Tax Statuses Read More »
The taxation of individuals in Georgia is regulated by the Tax Code of Georgia and is based on residency status. For Georgian tax residents, personal income tax rules determine how income is calculated, reported, and taxed, as well as which exemptions and preferential regimes may apply. Taxable Income and Reporting Obligations For resident individuals in
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
Data Breach Notification Requirements under Georgian Law Read More »
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
The Regulation of Gambling Advertising in Georgia Read More »
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
Prospectus Requirements under Georgian Capital Markets Law Read More »
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 »