Taxation Structure

Taxation

According to the World Bank, Georgia is the 3rd Least Tax Burden Country in the World with Total Tax Rate (9.9%)
In Georgia, investors can enjoy low tax rates and a transparent taxation system. Tax Code envisions six types of taxes within two groups: state and local. There are five taxes imposed at the state/national level: corporate income tax, personal income tax, value added tax, excise tax and customs tax. Property tax is levied at the local level under normative acts of local self-governance bodies.

Taxpayers in Georgia are subject to the following flat tax rates:

15% Corporate Profit Tax
20% Personal Income Tax
18% Value Added Tax (VAT)
0%, 5% or 12% Import Tax
on few selected goods Excise Tax
up to 1% Property Tax

No payroll tax or social insurance tax.
No capital gains tax.
No wealth tax, inheritance tax or stamp duty.
Foreign-source income of individuals fully exempted.
A model been has launched since January 1, 2017, which means that reinvested profit will be free from taxes until distribution of dividends.
SVery strong political commitment to low and simple taxation and improvement of services.
Significantly streamlined tax and customs administration geared towards provision of maximum comfort to businesses and investors.
Georgia has double taxation avoidance treaties with 54 countries.

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Ukraine

Taxation

Taxpayers in Georgia are subject to the following flat tax rates:

Taxation Structure