Unlike many jurisdictions, Georgia does not impose a stand-alone capital gains tax. Instead, gains from the sale of assets are treated as ordinary income and taxed under either the Corporate Income Tax (CIT) or the Personal Income Tax (PIT) regime, depending on whether the taxpayer is a company or an individual. Yet, beneath this seemingly […]
Georgia has established itself as one of the most business-friendly jurisdictions in the region, offering a straightforward tax system, competitive tax rates, and a transparent regulatory environment. The Tax Code of Georgia governs all key tax obligations, covering corporate income tax, personal income tax, value-added tax, property tax, withholding tax, and other levies that apply
Pursuant to the amendment introduced by Order No. 52 of the Minister of Finance of Georgia dated February 24, 2026, to Order No. 996 of December 31, 2010 of the Minister of Finance of Georgia “On Tax Administration,” the annual Corporate Income Tax return form and the monthly Corporate Income Tax return form (only for
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Georgia has developed a comprehensive regulatory framework governing gambling activities under the Law of Georgia on Organizing Lotteries, Games of Chance and Other Prize Games (the “Gambling Law”). The legislation expressly recognizes peer-to-peer (“P2P”) gaming – a format in which players compete directly against one another rather than against the operator – and subjects it
Peer-To-Peer Gaming in Georgia: Operational Safeguards and Fair Play Requirements Read More »
The Tax Code of Georgia places significant importance on determining a person’s tax residency. In Georgia, persons are generally taxed based on their residency rather than their citizenship. Different rules apply to individuals and legal entities for determining residency status. These rules are designed to identify where a person carries out most of their economic
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Capital markets play an increasing role in the development of Georgia’s financial system by facilitating capital formation, investment opportunities, and market transparency. The principal legal framework governing this sector is the Law of Georgia on Securities Market (the “Law on Securities Market”), originally adopted on 24 December 1998 and subsequently amended, most recently in December
Capital Markets Regulation in Georgia: An Overview for Issuers and Investors Read More »
The taxation of gambling operators in Georgia is regulated by specific provisions of the Georgian Tax Code and related legislation governing lotteries, gambling, and prize games. Unlike ordinary business activities, gambling operations are subject to special tax rules, including unique methods for determining the taxable base and differentiated tax rates depending on the type of
Taxation of Gambling Operators in Georgia: Corporate Income Tax and GGR Explained Read More »
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
Legal Framework Governing Permission to Use Intellectual Property in Georgia Read More »
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 »