TAX AND ACCOUNTING SERVICES

Overview:

In spite of the applicable tax liberalization of Georgia, entrepreneurial entities are obliged to periodically submit several types of declarations and provide accounting in accordance with the legislation. We carry out full tax and accounting services together with legal services.

TAXES FOR NATURAL PERSONS AND LEGAL ENTITIES

Our service includes full service on payment of taxes and taxation on the territory of Georgia. There are national and local taxes in Georgia. Payment of national taxes is mandatory throughout Georgia and it includes:

• Income tax
• Profit tax
• Value Added Tax (VAT)
• Excise
• Import tax

Local taxes are introduced on the basis of the normative act of the local self-government representative body within the limits set by the Tax Code and their payment is mandatory in the local self-government unit teritory. The local self-government representative body is authorized to introduce taxes under the Tax Code as a single rate and / or according to the individual sectors and / or activities of the entity in the whole territory of the local self-government unit.

• Property taxes belongs to local taxes.

ACCOUNTING

We offer full accounting services. Based upon the accounting and reporting, the natural persons and legal entities in Georgia are obliged to submit several mandatory declarations.

A legal entity is obliged to submit to the Revenue Service in accordance with the established rule:

• Annual profits declaration (from January 01 to December 31 of previous year) till April 01 of each year;
• Property declaration (from January 01 to December 31 of previous year) till November 01 of each year;
• Profit declaration (from the first day to the last day of previous month) before the number 15 of each month;
• Value added tax declaration (from the first day to the last day of previous month) before the number 15 of each month;
• Import Tax declaration (from the first day to the last day of previous month) before the number 15 of each month.

The natural person is obliged to submit:

• Income Declaration (from January 01 to December 31 of previous year) till April 01 of each year;
• Property declaration (from January 01 to December 31 of previous year) till November 01 of each year;

The above declarations belong only to the basic types of declarations and the types of the declaration and deadline for their submission depends upon many different circumstances.

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