Income tax is the principal type of tax obligation towards the state budget, incurred by resident and non-resident individuals in Georgia. Therefore, it is particularly important to understand how and in what cases it is imposed, as well as how its reported. This article aims to cover the practical aspects of calculation and payment of tax on income […]
The article provides information about the taxation system in Georgia. It shows that the taxes are comparatively low in the country.
It is reasonable to establish company in Georgia by many reasons. This small Caucasian country enters the TOP-10 list of countries by simplicity of making business and favorable conditions for making business lucrative. It is especially profitable to register legal entities-exporters in Georgia. Nevertheless, it will be problematic to start business here on your own; […]
High positions of Georgia in various global ratings arouse a reasonable interest in foreign investors. More and more companies and natural persons from other countries and states consider Georgia as a country beneficial for business or rational transfer of some of their divisions. It is explained by simple and clear taxation system and the fact […]
Accounting services are in high demand among non-residents of Georgia. When one starts a business in a foreign jurisdiction, he or she may have trouble making sense of all the nuances of the local legislation especially without the knowledge of the Georgian language. At the same time, the effectiveness of the investments and the ability […]
Georgia has been attracting investors from all over the world for several decades already. The state administration actively works on simplification on procedures of registration of legal entities and proprietors, lower taxes, and creates zones with beneficial taxation. The favorable investment climate of the country was marked by the World Bank, which in 2018 placed […]
Free industrial zones (FIZ) in Georgia are territories where legal entities may lead business and significantly reduce tax expenses. Companies registered in FIZ are exempted from payment of taxes: on income, on dividends, VAT, and on property. The Free industrial zone Kutaisi is located within the territory of the former automobile factory and is equipped […]