Georgia - Other taxes and levies

Georgia - Other taxes and levies

Taxation of international executives

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Social security tax

Are there social security/social insurance taxes in Georgia? If so, what are the rates for employers and employees?

No.

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Georgia?

No, but some items are covered by income tax rules.

Real estate tax

Are there real estate taxes in Georgia?

The real estate (buildings/constructions or their parts) owned by an individual are subject to property tax. The tax base is the market value of the property. The tax rate depends on income level of individual’s family for the tax year; the rates are determined by local authorities within the range (0.05 percent to 1 percent) provided by TCG.

Sales/VAT tax

Are there sales and/or value-added taxes in Georgia?

Georgia imposes value-added tax (VAT), which is a tax on consumer expenditures. VAT is applicable at 18 percent of taxable supplies. Some goods and services may be exempt from VAT (with or without the right to credit input VAT). However, VAT is not applicable to Georgian employment income.

Unemployment tax

Are there unemployment taxes in Georgia?

No.

Other taxes

Are there additional taxes in Georgia that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Customs payments on importation of goods

The taxes (VAT and import tax) should be considered while importation of goods on the territory of Georgia, however, an individual in the course of a day (24 hours) may in certain cases import goods without any mentioned payments. Exceptions also include the following.

  • An import of goods in accordance with commodity classification of foreign- economic activities group 28-86, 88-96 up to GEL15,000, which is not intended for economic activity by an individual residing abroad for more than a six-month period.
  • An import of goods which is not intended for economic activity by an individual arriving in Georgia for permanent stay.

© 2016 KPMG Georgia LLC, a company incorporated under the Laws of Georgia, a part of KPMG Europe LLP group, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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