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
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
Submission of Information on International Controlled Transactions Read More »
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
Georgian Tax Residency Rules for Individuals and Businesses Read More »