Flat rate
1.0%
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
20.0%
Georgia, without the regime
Overview
- Regime
- Small Business Status (1% Tax)
- Country
- Georgia
- Type
- Flat rate
- Status
- Active
- Effective from
- Jan 1, 2010
- Expires on
- —
Details
- Summary
- 1% turnover-based tax for individual entrepreneurs with Small Business Status, replacing income tax, VAT, and other taxes.
- Eligibility
- Must be registered as Individual Entrepreneur. Annual turnover must not exceed GEL 500,000. Must not be engaged in prohibited activities.
- Benefits
- 1% flat tax on gross turnover. No VAT obligation below GEL 100,000. Replaces income tax.
- Requirements
- Must register as IE and apply for Small Business Status.
- Limitations
- GEL 500,000 annual turnover cap. Certain activities excluded. 3% rate on excess over GEL 500k.
- Income types covered
- Business/freelance turnover
- Duration details
- Indefinite (while conditions met)
Other regimes in Georgia
| Name | Type | Rate |
|---|---|---|
| Virtual Zone IT Company | Free zone | 0.0% |
View source Georgia Revenue Service