The Personal Income Tax Rate in Georgia stands at 20 percent. Personal Income Tax Rate in Georgia averaged 18.42 percent from 2004 until 2015.
A detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
The economy of Georgia is an emerging free market. Its gross domestic product fell sharply following the collapse of the Soviet Union but recovered in the mid-2000s
Political uncertainty is rising in the run-up to the parliamentary election in late 2016. Support for both the government and main opposition party is low and the outcome of the election uncertain.
The world’s most comprehensive market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Georgia.
Georgia’s economy is considered to be one the fastest growing economies in whole of Eastern Europe with the agricultural sector (employs about 53% of the workforce), real estate and hospital and tourism as the leading contributors to the growth of its economy.
Country’s impressive progress in improving business climate has been well documented in a number of international indices.
Georgia’s business registration requirements as of 2016
Taxes in Georgia is collected on both state and local level. The most important taxes are collected on federal level, these taxes include an income tax, corporate taxes and value added tax.
The content is based on information current as of 1 January 2016, unless otherwise indicated in the text of the chapter. Changes to the tax laws and other applicable rules in various countries covered by this publication may be proposed.