Income tax for individuals and non-residents of Georgia

Georgia is famous for its loyal taxation system and low tax rates for both citizens of the country and non-residents. The competent approach of the government to these issues ensured the inflow of investments and the growth of the economy as a whole.

One of the main factors influencing the decision to open your own business in Georgia or come to earn money is the amount of income tax. Personal income tax in Georgia allows the employer to save money, which means it gives an opportunity to increase the salary of employees.

The amount of personal income tax in Georgia is 20%. This is more than in Russia, but less than in Latvia or Estonia. At the same time, the tax is charged only on those incomes received from organizations registered in Georgia.

Some income in Georgia is not subject to income tax, these include:

social benefits;

heritage;

donation;

alimony;

sale of a vehicle owned for more than six months;

income from divorce;

lottery winnings in the amount of less than 1 thousand GEL.

The tax on the income of individuals in Georgia is paid by the employer, by deduction from the employee's salary. Therefore, official employment in the company is mandatory.

In Georgia, there is no income tax for persons with an income of less than 3 thousand GEL. The age of the taxpayer is also taken into account. Residents of Georgia transfer a percentage of their salary to a future pension. This percentage is included in the personal income tax for all individuals in the country and is 2%.