From 22.06.2021, according to the decision of the Coordination Council in Georgia, wearing a face mask in outdoor places is not mandatory. Wearing a face mask is still mandatory in indoor places, on public transport and on public transport stops….
According to the Labor Code, from March 1, all employers operating in Georgia will have an accurate record of working hours performed by employees.Working time accounting form is a monthly document for recording working hours (working hours) of employees, which…
Tax residence (also known as fiscal residency, residence for tax purposes, or other, similar terms) is an important concept for all tax payers living and working abroad. It determines how you are treated with regard to taxation in a particular…
What is Residence Permit? Residence Permit is one of main grounds for a foreigner for his/her entry into Georgia and legal stay. Based upon the appropriate grounds, Residence Permit shall be issued to a foreigner with the right of temporary…
VAT A value-added tax (VAT) known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of…
The information mentioned in the article is in accordence with the tax code of Georgia (consolidated version 15/07/2020) While natural persons have to pay income tax, companies are liable to profit tax (or “corporate income tax”) in Georgia. From 1…
There are only six taxes in Georgia, of which five (Personal Income Tax, Corporate Income Tax, Value Added Tax, Excise Tax and Import Tax) are nationwide, and one (Property Tax) is a local tax. There are no capital gains, inheritance,…
