Tax Publications

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

Real estate has long been considered one of the most stable and attractive asset classes worldwide, yet it remains one of the most illiquid, requiring significant capital commitments and entailing lengthy, expensive transaction processes. In recent years, blockchain technology has given rise to a transformative concept known as real estate tokenization, the process of converting

Tax audits play a critical role in ensuring that a company’s tax position is accurate, compliant, and aligned with Georgian legislation. In practice, a properly conducted tax audit allows businesses to identify potential risks in advance, correct errors, and avoid additional tax liabilities, penalties, and interest. Tax audit services in Georgia are particularly relevant in light of increasing scrutiny by tax

Georgia has developed a straightforward and competitive tax system, which is one of the reasons it remains attractive to foreign professionals, investors, and property owners. For individuals who are not Georgian tax residents, personal income taxation generally follows the source principle: only income derived from Georgian sources is taxable in Georgia. Understanding whether income is