Accounting Services
Accounting Services
Effective September 24, significant amendments to the Tax Code of Georgia have introduced a series of tax exemptions and reduced rates. These incentives are specifically designed to foster growth for innovative startups, small and medium-sized enterprises (SMEs), and companies focused on Research and Development (R&D). 🔹 Innovative Startups: Innovative startups can benefit from a tiered […]
Who Can Obtain It? Georgia offers a highly competitive tax environment for individual entrepreneurs. Under the “Small Business Status,” taxpayers benefit from a significantly reduced turnover tax rate. Eligibility Criteria: The status will be revoked if: Pros & Cons:
The Virtual Zone represents a special tax regime offered by the Georgian government, specifically designed for companies operating in the IT sector.This status allows businesses to significantly reduce their tax burden if their services or products are provided exclusively to foreign clients, i.e., non-residents. Activities Eligible for Virtual Zone Status Companies can operate in the […]