Taxation of international executives
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/territories 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/territory refers to the country/territory to which the employee is assigned. The home country/territory refers to the country/territory where the assignee lives when they are not on assignment.