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Georgia - Overview and introduction

Georgia - Overview and introduction

Taxation of international executives

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Trinity church in the middle of mountains covered with greenery,Georgia

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/jurisdictions designated by the government, the WHT rate is 15 percent.
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/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer

All information contained in this publication is summarized by KPMG Georgia LLC, the company incorporated under the laws of Georgia, member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on the Tax Code of Georgia of 2010 and subsequent amendments.

Copyright

© 2020 KPMG International Cooperative (“KPMG International”), 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. All rights reserved.

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.

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