Value-added tax (VAT) is one of the most essential taxes in Georgia. In 2024, VAT corresponded to 37% of the tax revenues of the Georgian budget. VAT plays a major role in Georgia’s fiscal policy and has strong potential to influence economic activity. This could be the reason why the VAT rate has remained unchanged […]
October 30, 2024 In July 2019, the Georgian government amended the Tax Code to provide specific tax benefits in Georgia for international companies. On 8 October 2020, the Government of Georgia introduced Ordinance N 619 (the Ordinance) that sets out the procedure to obtain the status of an international company, determines permitted activities that the
In a calculated effort to draw foreign investment and strengthen its position in the international gambling industry, Georgia has revised its tax laws, introducing a favorable Georgia online gambling tax for foreign operators. The updated regulations, which came into force on December 1, 2024, significantly ease the tax load for platforms focusing on international users.
Georgia Lowers Taxes for Foreign Online Gambling Companies Read More »