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. For individuals, the
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 investors, offering clear rules and several exemptions. The Georgian Tax Code, alongside ministerial rulings, establishes how income from crypto transactions is taxed and under what circumstances exemptions apply. Taxation of
The prohibition of abuse of a dominant position constitutes a fundamental pillar of competition law enforcement in Georgia. While the mere possession of market power is not unlawful, the exercise of such power in a manner that distorts competition is strictly regulated. The Law of Georgia on Competition (the “Competition Law”) establishes the legal framework
Tax dispute resolution is a critically important process, where the outcome is often determined long before the case reaches the courtroom. A proper preliminary assessment of the disputed issue is a key success factor, as it allows the taxpayer to form realistic expectations, identify risks early, and prepare a well-structured defense strategy. For this reason,
The operation of land-based casinos in Georgia is subject to a specific taxation framework established under the Georgian Tax Code. Due to the particular nature of gambling activities conducted in physical venues, the tax treatment of these businesses differs from the rules generally applicable to other commercial activities. Georgian legislation provides separate tax rules for
Tax Obligations for Land-Based Casinos in Georgia Read More »
Georgia has steadily positioned itself as a strategic hub for cross-border trade between Europe, the Caucasus, Central Asia, and the Middle East. Leveraging its location at the crossroads of major transport corridors and its liberal trade policy, the country offers unique opportunities for companies seeking to optimize both their logistics and tax structures for regional
Free Industrial Zone in Georgia and Applicable Tax Benefits Read More »
Security interests such as pledges and mortgages are designed to ensure that creditors have effective remedies in the event of a debtor’s default. While the creation and registration of security interests establish the creditor’s preferential right, the practical value of such security ultimately depends on the enforceability of that right. Georgian law provides a structured
Enforcement of Security Interests in Georgia: Practical Considerations Read More »
Financial distress and insolvency are critical legal concepts affecting both businesses and their creditors. Georgian law establishes a structured framework for determining when a company is considered insolvent and for initiating insolvency proceedings. The primary legislation governing this area is the Law of Georgia on Rehabilitation and Collective Satisfaction of Creditors (the “Insolvency Law”), which
When Is a Company Considered Insolvent under Georgian Legislation Read More »
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