Tax Publications

Georgia has positioned itself as an appealing destination for globally mobile individuals by offering a specific route to tax residency for High-Net-Worth Individuals (HNWIs). This program allows qualifying individuals to obtain Georgian tax residency without meeting the standard physical presence requirement, making it an attractive option for investors, entrepreneurs, and affluent expatriates. Key Takeaways HNWIs can obtain Georgian tax residency without the

Georgia has become one of the more attractive jurisdictions for crypto investors due to its favorable tax treatment of cryptocurrency transactions. Under Georgian tax rules, the tax treatment depends on the type of crypto-related activity and whether the income is considered Georgian-source income. Key Takeaways Gains from exchanging your own crypto assets are generally not subject to personal income tax. Crypto

What is Georgia’s Small-Business Status, and why is it so attractive? Georgia offers one of the most attractive tax regimes in Europe through its Small-Business Status, available to qualifying individual entrepreneurs. Under this regime, eligible persons pay just 1% income tax on their annual turnover instead of the standard 20%. This has made Georgia a

Georgia has positioned itself as a competitive and innovation-friendly jurisdiction for IT companies seeking tax-efficient operational frameworks. As part of its broader economic strategy, the country offers two distinct preferential regimes aimed at attracting IT businesses: the Virtual Zone Person (VZP) status and the International Company (IC) status. Both frameworks are designed to stimulate the

Georgia’s tax legislation places significant importance on determining an individual’s tax residency status. In Georgia, residency rules apply regardless of whether the individual is a Georgian citizen, foreign national, or stateless person. The main method of obtaining Georgian tax residency is based on physical presence in Georgia, while Georgian legislation also provides an alternative pathway

In 2021, the Value Added Tax (VAT) chapter of the Georgian Tax Code underwent comprehensive changes. This reform was driven by Georgia’s obligations under the 2014 Association Agreement with the European Union, which required gradual approximation of national legislation with EU law. As a result, the amended VAT framework now aligns more closely with the

The growth of crypto mining has made Georgia an attractive jurisdiction for individuals and businesses engaged in digital asset activities. The Georgian Tax Code, together with relevant ministerial rulings, establishes the tax treatment applicable to crypto mining and distinguishes mining from the exchange of crypto assets for tax purposes. For tax purposes, crypto mining is

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

Georgia offers one of the most competitive tax regimes for individual entrepreneurs through its Small Business Status (SBS). The regime is designed to support small businesses by providing a significantly reduced income tax rate compared to the standard personal income tax regime. As a result, Georgia has become an attractive destination for freelancers, IT professionals,

Georgia has established an extensive network of double tax treaties (DTTs) aimed at preventing the same income from being taxed in more than one jurisdiction. Currently, Georgia has concluded such agreements with 58 countries worldwide, creating a favorable framework for cross-border investment and international business activities. These treaties play a significant role in enhancing Georgia’s