Personal income tax in Georgia, or personal income tax, is one of the main taxes that both residents and non-residents of the country must pay.

In this article, we will cover the main points that foreigners should know about taxes in Georgia:

Who pays income tax in Georgia?

• Residents of Georgia: all persons who reside in Georgia for more than 183 days a year.
• Non-residents of Georgia: persons who do not reside in Georgia for more than 183 days a year, but receive income from sources located in the territory Georgia.

What types of income are taxed?

• Wages: wages received from an employer registered in Georgia.
• Business income: income received from doing business in Georgia.
• Investment income: income from dividends, interest, royalties, etc.
• Property sale income: income from the sale of real estate, vehicles, and other assets.

How is income tax calculated?

The income tax rate in Georgia is 20%.

How do foreigners pay income tax in Georgia?

Foreigners can pay income tax through their employer or independently, if they are sole proprietors.

How to optimize taxation in Georgia?

There are a number of ways to optimize taxation in Georgia, for example, by using legal deductions and benefits.

How can ESPERO group help you?

ESPERO group offers a wide range of tax consulting and accounting services for foreign citizens and companies operating in Georgia.

Our specialists will help you understand the intricacies of Georgian tax legislation, optimize your tax payments and avoid unnecessary penalties.

Contact us today for a free consultation!