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Introduction According to the order of the head of the Revenue Service N33544 of December 29, 2022, the methodical instruction was approved on the taxation of virtual zone IT company in Georgia. The methodological reference explains the rules related to granting and canceling the status of virtual zone[...]
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Introduction According to the order of the head of the Revenue Service N33543 of December 29, 2022, the methodical instruction on taxation of Free Industrial Zone Enterprise was approved. The methodical reference explains the rules of activity of the Free Industrial Zone Enterprise, including the permitted and prohibited[...]
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1. INTRODUCTION The profit tax rate in Georgia is - 15%. The following shall be subject to profit taxation: 1. Distributed profit; 2. Costs incurred or other payments not related to economic activity; 3. Free delivery of goods/services and/or transfer of funds; 4. Representation expenses paid in excess[...]
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1. Introduction to Cryptocurrency Taxation in Georgia Due to the growing interest in cryptocurrencies, the Georgian tax agency has issued a public decision regarding cryptocurrency taxation and delivery of computing speed (capacity) operations in Georgia. The public decision explains: A) VAT taxation of the supply of crypto assets[...]
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