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Georgian bank accounts opening

News-Georgia

Georgian bank accounts opening for Expats

How to open a bank account in Georgia and what Expats need to consider? There are no legal restrictions for non-residents to open bank accounts in Georgia. However, when it comes to dealing with expats and foreigners, in some cases…

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News-Georgia

“Tax Calculator” launches in Georgia

A new service –Tax Calculator – developed by the National Statistics Service of Georgia (“Geostat”), was recently launched in Georgia.  Tax Calculator is a new electronic service that allows its users to determine the amount of their contributions to the budget in the form of their direct…

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Georgia

Preferential Terms for Revenue Service Authorized Users

An amendment was made to the Resolution of the Government of Georgia of March 30, 2010 No. 96, which provides the introduction of a new condition for the payment of service fees  to the Revenue Service. Those taxpayers, who apply to the tax office electronically from their authorized user page, are either exempt from the service…

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Georgia

“Zero Window” Project for Taxes in Georgia

Tax revenues are one of the largest sources of income for the Georgian budget. At the same time, the tax administration itself is simpler than ever- thanks to the “one window” principle. The Georgian Ministry of Finance has got off…

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Georgia

Georgia launched an Automatic Refund VAT System

Since 2020, a highly important wide-scale change was implemented regarding tax administration. Based on the declarations submitted for a particular month, the taxpayer receives an automatic refund of the existing VAT surplus to his bank account.  The system is fully automated,…

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Georgia

Georgia: Companies with International Status on the Rise.

In October 2020, the Georgian government launched a program available for companies offering IT and maritime services wishing to acquire the status of an international company within the country.  In just over half a year, 3 maritime and 14 IT companies have already received such international…

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Georgia

Georgia Launches New Revenue Service for Individuals in the Midst of Tourism...

The tourism sector, which employs about 150,000 people, has been hit tremendously by the COVID-19 pandemic. For more than 6,000 companies linked to tourism, property tax and income tax payments were deferred for 4 months until November 1st. In addition, 2,200 hotels, with…

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Georgia

Georgia Introduces Support Program For Returning Migrants

The Georgian government has launched a program to help migrants, who have returned to their homeland amid the pandemic. The IDP`s and Eco-migrants Agency of Georgia has begun accepting applications from returning migrants within the framework of the state program to assist…

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Georgia

Georgia: the Government Revises the Existing Tax Benefits For Businesses

The Georgian authorities are planning to revise their tax policy that came into force in January 2021. The review will also include tax breaks. Changes to the tax policy and additional tax benefits are one of the main demands of…

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Georgia

Georgia Introduces Five Tax Benefits For Businesses in 2021

The Law of Georgia on Amendments to the Tax Code of Georgia, was published in the “Legislative Herald of Georgia” (document number N83-II რს- X მპ) and entered into force on January 5th, 2021.  Absolutely all entrepreneurs in Georgia will be able to count on tax breaks…

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