Georgia - Overview and introduction | KPMG | GLOBAL
Share with your friends

Georgia - Overview and introduction

Georgia - Overview and introduction

Taxation of international executives


Related content

Residents are taxed on their worldwide income. Non-residents are taxed only on their Georgian-sourced income.

The income tax rate is 20 percent. There are cases (depending on the type of income, source of income, and/or status of beneficiary) for which the tax rate is 5 percent (withholding tax on dividends, withholding tax on interest, withholding tax on royalties paid to nonresident, rental income from residential property, taxable income derived from the sale of motor vehicle or a residential building along with the attached land) or 10 percent. For service payments (including interest and royalties) to a nonresident in the list of offshore countries designated by the government, the WHT rate is 15%

The rate is fixed, it does not depend on the total amount of income received.

The official currency of Georgia is the Lari (GEL).

Herein, the host country refers to the country to which the employee is assigned. The home country refers to the country where the assignee lives when he/she is not on assignment.

© 2019 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.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Request for proposal